1991 (4) TMI 2 - SCH - Income Tax

Two alternatives are open under the scheme of the legislation that Union of India through the appropriate authority could buy the property, or in the event of its decision not to buy, it has to issue a No objection certificate leaving it open to the parties to deal with the property

Summary

The Supreme Court dismissed the special leave petition, stating that under the legislation, the Union of India could either buy the property or issue a "No objection certificate." The Court found that the High Court was correct in its conclusion. No costs were awarded.