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REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY .

PART III- Section I

PUBLISHED BY AUTHORITY

No. 2] NEW DELHI, FRIDAY, JULY 27, 1973/SRAVANA 5. 1895

Separate paging is given to this Part in order that it may be filed

as a separate compilation

EFICE OF THE INSPECTING ASSISTANT COMMISSIONER OF INCOME-TAX,

ACQUISITION RANGE-I, AHMEDABAD NOTICE UNDER SECTION 269D(1) OF THE INCOME-TAX ACT, 1961 (43 OF 1961) Ahmedabad, the 21st July1973

No. ACQ.23.1-4/16-6/72-73.—Whereas, I, J. Kathuria, being the competent uthority under section 269B of the Income Tax Act, 1981 (43 of 1961), have reason believe that the immovable property, having a fair market value exceeding Rs. 25,000 and bearing No. 1236, situated at Station Plot Street No. 2, Bhakti agar, Rajkot (and more fully described in the Schedule annexed hereto), has been ansferred as per deed registered under the Indian Registration Act, 1908 (16 of 908) in the office of the registering officer at Rajkot on 23rd January, 1973 for an oparent consideration which is less than the fair market value of the aforesaid roperty and I have reason to believe that the fair market value of the property aforesaid exceeds the apparent consideration therefor by more than fifteen per ant of such apparent consideration and that the consideration for such transfer as reed to between the transferor(s) and the transferec(s) has not been truly stated 1 the said instrument of transfer with the object of—

(a) facilitating the reduction or evasion of the liability of the transferor to pay tax under the Income Tax Act, 1961 (43 of 1961) in respect of any income arising from the transfer; and/or

(b) facilitating the concealment of any income or any moneys or other assets which have not been or which ought to he disclosed by the transferee for the purposes of the Indian Income Tax Act, 1922 (11 of 1922) or the Income Tax Act. 1961 (43 of 1961) or the Wealth-tax Act, 1957 (27 of 1957).

And whereas the reasons for Initiating proceedings for the acquisition of the foresaid property in terms of Chapter XXA of the Income Tax Act. 1961 (43 of 961) have been recorded by me

( 6 7)

Now, therefore, in pursuance of section 269C, I hereby Initiate proceedings for the acquisition of the aforesaid property by the issue of this notice under sub-sec- tion (1) of section 269D of the Income-tax Act, 1961 (43 of 1961) to the following persons, namely: —-

(1) Shri Arunkumar Damodar Lakhani, Shri Vipin Chandra Damodar

Lakhani, Divanpara Street No. 4, Rajkot—(Transferor).

(2) Shri Pragji flanchhPdbhai, 12-B Bhak'tinagar Plot, Rajkot— (Transferee). (1) Proprietor(s)

Super Sonik Industries, Rajkot—(Person in occupation of the property).

(2) Proprietors (s)

Super Sales Corporation, Rajkot.

Objections, if any, in the acquisition of the said property may be made in writing to the undersigned.

(a) by any of the aforesaid persons within a period of 45 days from the date of publication of this notice in the Official Gazette or a period of 30 days from the service of notice on the respective persons, whichever '.is^i S9jj(ix9 pouad

(b) hy any other person interested in the said immovable property within 45 days from the date of publication of this notice in the official Gazette.

It is hereby notified that the date and place for hearing the objections, if any, made in response to this notice against the acquisition of the immovable property will be fixed, and notice thereof shall be given to every person who has made such objections and the transferee of the property.

It is hereby further notified that every person to whom notice is given under the preceding paragraph shall have a right to be heard at the hearing o£ the objections.

Explanation.—The terms and expressions used herein as are defined in Chapter XXA of the Income Tax Act, 1961 (43 of 1961) shall have the same meaning as given in that Chapter.

THE SCHEDULE

No. 1236 Situated at Station Plot Street No, 2. Bhaktinagar, Rajkot—245.6 Sq. Yds.

No. ACQ 23-1/5/1&-6/7Z-73.—Whereas, I, J. Kathuria, being the competent authority under section 269B of the Income Tax Act, 1961 (43 of 1961), have reason to believe that the Immovable property, having a fair market value exceeding Rs. 25,000/- and bearing No. Plot No. 12 situated at Palace .Road, Rajkol (and more fully described in the Schedule annexed hereto), has been transferred as per deed registered under the Indian Registration Act, 1908 (16 of 1908) in the office of the registering officer at Rajkot on 22nd January, 1973 for an apparent consideration which is less than the fair market value of the atoresaid property and I have reason to believe that the fair market value of the property as aforesaid exceeds the apparent consideration therefor by more than fifteen per cent of such apparent consideration and that the consideration for such transfer as agreed to between the transferor(s) and the transferee^) has not been truly stated in the said instrument of transfer with the ob.iect of—

(a) facilitating the reduction or evasion of the liability of the transferor to pay tax under the Income Tax Act, 1961 (43 of 1961) in respect of any income arising from the transfer; and/or

(b) facilitating the concealment of any Income or any moneys or other assets which have not been or which ought to be disclosed by the transferee for the purposes of the Indian Income Tax Act, 1922 (U of 1922) or the Income Tax Act, 1961 (43 of 1961) or the Wealth-tax Act, 1957 (27 of 1957):

And whereas the reasons for Initiating proceedings for the acquisition of the aforesaid property in terms of Chapter XXA of the Income Tax Act, 1961 (43 of 1961) have been recorded by me.

Now, therefore, in pursuance of section 269C, I hereby initiate proceedings for the acquisition of the aforesaid property by the issue of this notice under sub-sec- tion (1) of section 269D of the Income-tax Act, 1961 (43 of 1961) to the following persons, namely: —

(1) M/s Pradyuman Development Corporation, Hazur Palace, Rajkot—

(Transferor).

(2) Naranbhai Popat Mandli, Naran Nivas, 3, Jaynath Plot, Rajkot— (Trans-

feree).

Objections, if any, in the acquisition of the said property may be made in writing to the undersigned.

(a) by any of the aforesaid persons within a period of 45 days from the date of publication of this notice in the Official Gazette or a period of 30 days from the service of notice on the respective persons, whichever period expires later;

(b) by any other person interested in the said immovable property within 45 days from the date of publication of this notice in the official Gazette.

It is hereby notified that the date and place for hearing the objections, if any, made In response to this notice against the acquisition of the Immovable property will be fixed, and notice thereof shall be given to every person who has made such objection^ and the transferee of the property.

It Is hereby further notified that every person to whom notice is given under the preceding paragraph shall have a right to be heard at the hearing of the objections.

Explanation.—The terms and expressions used herein as are defined In Chapter XXA of the Income Tax Act, 1961 (43 of 1961) shall have the same meaning as given In that Chapter.

THE SCHEDULE

Plot No. 12. Openland of 253.8,6 Sq. Yds, at Palace Road,—Rajkot.

J. KATHURIA,

Competent Authority,

Inspecting Assistant Commissioner of Income-tax, Acquisition Range-I, Ahmedabad.

Dated 21st July, 1973. (Seal)

[PART "III—SEC. 1] THE GAZETTK OF INDIA EXTRAORDINARY 71

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