https://www.taxtmi.com/caselaws?id=15323 Chapter XX-C confines the appropriate authority to two statutory courses: issue a no-objection certificate or make a pre-emptive purchase order under section 269UD. It cannot reject a validly filed Form No. 37-I as non est on the ground that the transaction is invalid or the form is not maintainable, and doing so exceeds its jurisdiction. A separate three-year lease arrangement with possession does not amount to a transfer within section 269UA(f), which covers sale, exchange, or a lease of not less than twelve years. The impugned order was quashed and the authority was directed to issue the no-objection certificate. en-us Fri, 28 Aug 1998 00:00:00 +0530 Tue, 04 Aug 2009 17:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15323 Chapter XX-C confines the appropriate authority to two statutory courses: issue a no-objection certificate or make a pre-emptive purchase order under section 269UD. It cannot reject a validly filed Form No. 37-I as non est on the ground that the transaction is invalid or the form is not maintainable, and doing so exceeds its jurisdiction. A separate three-year lease arrangement with possession does not amount to a transfer within section 269UA(f), which covers sale, exchange, or a lease of not less than twelve years. The impugned order was quashed and the authority was directed to issue the no-objection certificate. Case-Laws Income Tax Fri, 28 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15323