Immovable property in respect of which proceedings for acquisition may be taken (1) Where the competent authority has reason to believe that any immov- able property of a fair market value exceeding one hundred thousand rupees has been transferred by a person (hereafter in this Chapter referred to as the transferor) to another person (hereafter […]

Competent authority  (1) The Central Government may, by general or special order published in the Official Gazette,— (a)  authorise as many Joint Commissioners, as it thinks fit, to perform the functions of a competent authority under this Chapter ; and (b)  define the local limits within which the competent authorities shall perform their functions under

Registration of certain transactions (1) The following transactions, that is to say,— (a)  every transaction involving the allowing of the possession of any immovable property to be taken or retained in part performance of a contract of the nature referred to in section 53A of the Transfer of Property Act, 1882 (4 of 1882), and

ACQUISITION OF IMMOVABLE PROPERTIES IN CERTAIN CASES OF TRANSFER TO COUNTERACT EVASION OF TAX In this Chapter, unless the context otherwise requires,— (a) “apparent consideration”,— (1) in relation to any immovable property transferred, being immovable property of the nature referred to in sub-clause (i) of clause (e), means,—  (i) if the transfer is by way

Definition of “High Court In this Chapter,— “High Court” means—   (i) in relation to any State, the High Court for that State ;  (ii) in relation to the Union territory of Delhi, the High Court of Delhi ; (iia) [***] (iii) [***] (iv) in relation to the Union territory of the Andaman and Nicobar Islands,

Filing of appeal or application for reference by income-tax authority (1) The Board may, from time to time, issue orders, instructions or directions to other income-tax authorities, fixing such monetary limits as it may deem fit, for the purpose of regulating filing of appeal or application for reference by any income-tax authority under the provisions

Exclusion of time taken for copy In computing the period of limitation prescribed for an appeal or an application under this Act, the day on which the order complained of was served and, if the assessee was not furnished with a copy of the order when the notice of the order was served upon him,

Amendment of assessment on appeal Where as a result of an appeal under section 246 or section 246A or section 253, any change is made in the assessment of a body of individuals or an association of persons or a new assessment of a body of individuals or an association of persons is ordered to be made, the 7[Joint Commissioner (Appeals) or the] Commissioner

Execution for costs awarded by Supreme Court The High Court may, on petition made for the execution of the order of the Supreme Court in respect of any costs awarded thereby, transmit the order for execution to any court subordinate to the High Court. Practice area’s of B K Goyal & Co LLP Income Tax

Tax to be paid notwithstanding reference, etc Notwithstanding that a reference has been made to the High Court or the Supreme Court or an appeal has been preferred to the Supreme Court, tax shall be payable in accordance with the assessment made in the case. Practice area’s of B K Goyal & Co LLP Income