https://www.taxtmi.com/caselaws?id=12681 Under Chapter XX-C of the Income-tax Act, 1961, the appropriate authority's function on receipt of Form No. 37-I is confined to the statutory choices of pre-emptive purchase by the Union of India or issuance of a no objection certificate. It cannot pronounce on the legality of the transfer, reject the statement as void, or treat it as ineffective merely because it considers the transfer to have already taken place before filing. The settled position is that the scheme confers no broader power of invalidation on the authority, so an order rejecting Form No. 37-I on that basis cannot stand. en-us Mon, 13 May 2002 00:00:00 +0530 Thu, 21 May 2009 11:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12681 Under Chapter XX-C of the Income-tax Act, 1961, the appropriate authority's function on receipt of Form No. 37-I is confined to the statutory choices of pre-emptive purchase by the Union of India or issuance of a no objection certificate. It cannot pronounce on the legality of the transfer, reject the statement as void, or treat it as ineffective merely because it considers the transfer to have already taken place before filing. The settled position is that the scheme confers no broader power of invalidation on the authority, so an order rejecting Form No. 37-I on that basis cannot stand. Case-Laws Income Tax Mon, 13 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12681