https://www.taxtmi.com/caselaws?id=75532 Distinct undivided shares transferred under separate sale deeds by different legal entities cannot be artificially clubbed as a single transfer to attract the pre-transfer obligations and penal consequences under Chapter XX-C of the Income-tax Act, 1961. The Madras HC noted that the complaint itself was inconsistent on whether the accused owned the whole property or only separate shares, and the sale deeds and returns showed independent transactions. The cited Supreme Court decision was distinguished because it involved co-owners transferring the same immovable property as one subject-matter, unlike the separate legally identifiable transfers here, so the alleged contravention under sections 269UC, 269UL(2) and 276AB was not made out. en-us Thu, 03 Dec 2009 00:00:00 +0530 Thu, 31 Jan 2013 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75532 Distinct undivided shares transferred under separate sale deeds by different legal entities cannot be artificially clubbed as a single transfer to attract the pre-transfer obligations and penal consequences under Chapter XX-C of the Income-tax Act, 1961. The Madras HC noted that the complaint itself was inconsistent on whether the accused owned the whole property or only separate shares, and the sale deeds and returns showed independent transactions. The cited Supreme Court decision was distinguished because it involved co-owners transferring the same immovable property as one subject-matter, unlike the separate legally identifiable transfers here, so the alleged contravention under sections 269UC, 269UL(2) and 276AB was not made out. Case-Laws Income Tax Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75532