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Union of India - Section

Section 269E in The Income Tax Act, 1961

269E. Objections.

(1)Objections against the acquisition of the immovable property in respect of which a notice has been published in the Official Gazette under sub-section (1) of section 269-D may be made-
(a)by the transferor or the transferee or any other person referred to in clause (a) of sub-section (2) of that section, within a period of forty-five days from the date of such publication or a period of thirty days from the date of service of notice on such person under the said clause, whichever period expires later;
(b)by any other person interested in such immovable property, within forty-five days from the date of such publication.
(2)Every objection under sub-section (1) shall be made to the competent authority in writing.
(3)For the removal of doubts, it is hereby declared that objection may be made under sub-section (1) that the provisions of clause (a) of sub-section (2) of section 269-C do not apply in relation to any immovable property on the ground that the fair market value of such property does not exceed the apparent consideration therefor by more than twenty-five per cent. of such apparent consideration.