https://www.taxtmi.com/caselaws?id=14294 The court held that the transfer of property without obtaining the requisite NOC was void under the Income-tax Act. It found the rejection of the statement filed in Form No. 37-I as not maintainable to be indefensible. The court clarified that the appropriate authority only had the options to issue an NOC or make a pre-emptive purchase, rejecting any additional options. The proceedings under section 276AB were not addressed for interference, focusing primarily on the validity of the authority's order and the issuance of the NOC. The court quashed the authority's order and directed the issuance of the NOC within one month. en-us Thu, 09 Nov 2000 00:00:00 +0530 Wed, 15 Jul 2009 10:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14294 The court held that the transfer of property without obtaining the requisite NOC was void under the Income-tax Act. It found the rejection of the statement filed in Form No. 37-I as not maintainable to be indefensible. The court clarified that the appropriate authority only had the options to issue an NOC or make a pre-emptive purchase, rejecting any additional options. The proceedings under section 276AB were not addressed for interference, focusing primarily on the validity of the authority's order and the issuance of the NOC. The court quashed the authority's order and directed the issuance of the NOC within one month. Case-Laws Income Tax Thu, 09 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14294