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[Cites 0, Cited by 3] [Section 269UF] [Entire Act]

Union of India - Subsection

Section 269UF(2) in The Income Tax Act, 1961

(2)Notwithstanding anything contained in sub-section (1), where, after the agreement for the transfer of the immovable property referred to in that sub-section has been made but before the property vests in the Central Government under section 269-UE, the property has been damaged (otherwise than as a result of normal wear and tear), the amount of the consideration payable under that sub-section shall be reduced by such sum as the appropriate authority, for reasons to be recorded in writing, may by order determine.