https://www.taxtmi.com/caselaws?id=21551 A transfer statement in Form No. 37-I under section 269UC could not be treated as valid for a sale of public trust property until prior sanction of the Charity Commissioner was obtained under section 36 of the Bombay Public Trusts Act, 1950. Because such sanction was a condition for a legally effective sale, the agreement was not capable of being acted upon for Chapter XXC purposes before approval. The pre-emptive purchase mechanism under section 269UD therefore could not be triggered on an unapproved trust-property transaction. The legal effect was that section 269UC operated only after Charity Commissioner approval was secured. en-us Tue, 28 Jul 1992 00:00:00 +0530 Wed, 25 Nov 2009 12:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21551 A transfer statement in Form No. 37-I under section 269UC could not be treated as valid for a sale of public trust property until prior sanction of the Charity Commissioner was obtained under section 36 of the Bombay Public Trusts Act, 1950. Because such sanction was a condition for a legally effective sale, the agreement was not capable of being acted upon for Chapter XXC purposes before approval. The pre-emptive purchase mechanism under section 269UD therefore could not be triggered on an unapproved trust-property transaction. The legal effect was that section 269UC operated only after Charity Commissioner approval was secured. Case-Laws Income Tax Tue, 28 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21551