https://www.taxtmi.com/caselaws?id=19875 The High Court held that the petitioners, who jointly owned property but had separate ownership rights valued below Rs. 10 lakhs each, were not subject to section 269UC of the Income-tax Act for the sale of their property. The Court emphasized individual ownership rights and the ability to transfer them independently. The direction by the Income-tax Officer to approach the appropriate authority under Chapter XX-C was deemed invalid, and the petition was allowed. No costs were awarded, and future applications for clearance certificates would be considered based on the judgment's observations. en-us Tue, 24 May 1994 00:00:00 +0530 Tue, 10 Nov 2009 13:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19875 The High Court held that the petitioners, who jointly owned property but had separate ownership rights valued below Rs. 10 lakhs each, were not subject to section 269UC of the Income-tax Act for the sale of their property. The Court emphasized individual ownership rights and the ability to transfer them independently. The direction by the Income-tax Officer to approach the appropriate authority under Chapter XX-C was deemed invalid, and the petition was allowed. No costs were awarded, and future applications for clearance certificates would be considered based on the judgment's observations. Case-Laws Income Tax Tue, 24 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19875