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Apr 03 2001

Ashish Developers and Builders (P) Limited and Another Vs. Appellate A ...

Court: Andhra Pradesh

Decided on: Apr-03-2001

Reported in: 2001(3)ALD253; 2001(2)ALT570; (2003)179CTR(AP)177

purchase of the immovable property at an amount equal to the amount of the apparent consideration. Furthermore, the first proviso stipulates the time within which such an order can be passed. Section 269-UD, therefore contains the pre-emptive … order bearing No. AA/ HYD/1(85)/4/98-99, dated 26-8-1999 of the Appropriate Authority under Chapter XXC of the Income Tax Act, the 1st respondent herein refusing to grant No Objection Certificate (for short 'NOC') for transfer of property which


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