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    <title>1992 (1) TMI 50 - CALCUTTA High Court</title>
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    <description>The Supreme Court held that the appropriate authority lacked jurisdiction to adjudicate the legality of a property transaction under the Income-tax Act, 1961. The court quashed previous orders and directed the issuance of a &quot;no objection certificate&quot; within two weeks, emphasizing the mandatory nature of the obligation under section 269UL(3). The limitation period under section 269UD(1) was deemed non-waivable to protect citizens. The petitioner&#039;s subsequent conduct was irrelevant. The application was allowed without costs.</description>
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    <pubDate>Fri, 17 Jan 1992 00:00:00 +0530</pubDate>
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      <title>1992 (1) TMI 50 - CALCUTTA High Court</title>
      <link>https://www.taxtmi.com/caselaws?id=21495</link>
      <description>The Supreme Court held that the appropriate authority lacked jurisdiction to adjudicate the legality of a property transaction under the Income-tax Act, 1961. The court quashed previous orders and directed the issuance of a &quot;no objection certificate&quot; within two weeks, emphasizing the mandatory nature of the obligation under section 269UL(3). The limitation period under section 269UD(1) was deemed non-waivable to protect citizens. The petitioner&#039;s subsequent conduct was irrelevant. The application was allowed without costs.</description>
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      <pubDate>Fri, 17 Jan 1992 00:00:00 +0530</pubDate>
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