https://www.taxtmi.com/caselaws?id=22756 A no objection certificate under section 269UL(3) was treated as barring subsequent acquisition proceedings under sections 269C and 269D, because the governing circular had been construed to make such initiation impermissible after the certificate issued. The notice was also held defective because it did not clearly state whose tax liability was said to have been reduced or evaded, whether that of the transferor, the transferee, or both. On that basis, the impugned notice was invalid and could not be acted upon. en-us Mon, 06 Aug 1990 00:00:00 +0530 Sat, 12 Dec 2009 17:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22756 A no objection certificate under section 269UL(3) was treated as barring subsequent acquisition proceedings under sections 269C and 269D, because the governing circular had been construed to make such initiation impermissible after the certificate issued. The notice was also held defective because it did not clearly state whose tax liability was said to have been reduced or evaded, whether that of the transferor, the transferee, or both. On that basis, the impugned notice was invalid and could not be acted upon. Case-Laws Income Tax Mon, 06 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22756