https://www.taxtmi.com/caselaws?id=19457 Chapter XX-C of the Income-tax Act was held not to be triggered where separate owners transferred distinct shares and the value attributable to each vendor's share was below the statutory threshold. Although the proposed sale covered a composite property for a single consideration, the obligation to give notice under section 269UC depended on the consideration referable to each separate share on the facts found. On that basis, the clearance direction could not be sustained and the challenge failed. en-us Tue, 08 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19457 Chapter XX-C of the Income-tax Act was held not to be triggered where separate owners transferred distinct shares and the value attributable to each vendor's share was below the statutory threshold. Although the proposed sale covered a composite property for a single consideration, the obligation to give notice under section 269UC depended on the consideration referable to each separate share on the facts found. On that basis, the clearance direction could not be sustained and the challenge failed. Case-Laws Income Tax Tue, 08 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19457