https://www.taxtmi.com/caselaws?id=22714 Separately quantified undivided shares transferred by co-owners under one agreement were treated as distinct transactions for Chapter XX-C purposes. The court note states that the heirs had acquired vested shares, a family arrangement fixed definite shares, and each vendor thereafter dealt only with his or her own undivided interest. Because the consideration attributable to each individual share was below the statutory threshold, the amounts could not be aggregated merely because a single sale deed was contemplated. On that basis, Chapter XX-C was held inapplicable and the pre-emptive purchase order was quashed. en-us Thu, 15 Mar 1990 00:00:00 +0530 Sat, 12 Dec 2009 14:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22714 Separately quantified undivided shares transferred by co-owners under one agreement were treated as distinct transactions for Chapter XX-C purposes. The court note states that the heirs had acquired vested shares, a family arrangement fixed definite shares, and each vendor thereafter dealt only with his or her own undivided interest. Because the consideration attributable to each individual share was below the statutory threshold, the amounts could not be aggregated merely because a single sale deed was contemplated. On that basis, Chapter XX-C was held inapplicable and the pre-emptive purchase order was quashed. Case-Laws Income Tax Thu, 15 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22714