https://www.taxtmi.com/caselaws?id=21413 The court held that under section 269UC of the Income-tax Act, the value of each co-owner's share should be considered when determining the applicability of the provisions, even if multiple co-owners convey the property under one deed. The court emphasized that each co-owner has the right to sell their share independently, and the consent of other co-owners is not required. Therefore, the total value of the property under one deed exceeding Rs. 10 lakhs does not trigger section 269UC if individual shares do not exceed Rs. 10 lakhs each. en-us Tue, 08 Sep 1992 00:00:00 +0530 Tue, 24 Nov 2009 11:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21413 The court held that under section 269UC of the Income-tax Act, the value of each co-owner's share should be considered when determining the applicability of the provisions, even if multiple co-owners convey the property under one deed. The court emphasized that each co-owner has the right to sell their share independently, and the consent of other co-owners is not required. Therefore, the total value of the property under one deed exceeding Rs. 10 lakhs does not trigger section 269UC if individual shares do not exceed Rs. 10 lakhs each. Case-Laws Income Tax Tue, 08 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21413