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REGISTERED NO. D. 221

The Gazette of India

PART III — Section I

PUBLISHED BY AUTHORITY

No. 5] NEW DELHI, FRIDAY, AUGUST 31, 1973/BHADRA 9, 1895

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

as a separate compilation

OFFICE OF THE INSPECTING ASSISTANT COMMISSIONER OP INCOME

TAX, ACQUISITION KANGE, CHANDIGARH

Chandigarh, the 23rd August 1973

NOTICES UNDER SECTION 269D(1) OF THE INCOME-TAX ACT, 1081 (43 OF 1961)

No. NNL/49am-14.—Whereas I, G. P, Singh, Inspecting Assistant Commis- sioner of Income-tux, Acquisition Range, Chandigarh, being the Competent Autho- rity 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. Shops, Nai Mandi. situated at Narnaul (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 Narnul in February, 1973, for an apparent consideration which is less than the fair market value of the aforesaid 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(s) has not been truly stated in 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 be disclosed by the transferee for the purposes of the Indian Income-tax Act, 1922 (11 of 1922) or the Income-tax Act, 1981 (43 of 1961) or the Wealth-tax Act, 1957 (27 of 1957).

(89)

Bfn^ LWn fe a Sft h? r*a S°nS f ⁰r i n i t l a t i n£ proceedings for the acquisition of the ?o"i! £ Pr°Perty in terms of Chapter XXA of the Income-tux Act. 1961 (43 of 1981) have been recorded by me.

Now, therefore, in pursuance of section 269C, I hereby initiate proceedings lor 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 Parma Nand, s/o Shri Kesri Chand Amir Pet, Anand Bagh

Bagh, Hyderabad (A.P.)—(Transferor).

(2) Shri Har Chand Rai, s/o Shri Mansa Ram, c/o S. N. Cement Pipe Indus-

tries, Narnaul.—(Transferee).

*(3) Shrl/Smt./Km. IPeTSon(s) in occupation of the property].

*(4) Shri/Smt./Km. LPeraon(s) whom the undersigned knows to be interested in the property].

Objections, if any, to 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 the publication of this notice in the Official Gazette.

It is hereby notified that a 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 arc defined in Chapter XXA of the Income-tax Act, 1961 (43 of 1961) shall have the same meaning ai given in that Chapter.

THE SCHEDULE

Three shops in Nai Mandi, Narnaul. East—Saihan and Sarak. West—Saihan Mandi. North—Building Shri Ramjas Chaudhrl. South—Shops and houses.

(Property as mentioned in the Registered Deed No. 1111 dated 8th February, 1973 of the Registering Officer, Narnaul.)

No. IWL/491/73-71—Whereas I, G. P. Singh, Inspecting Assistant Commis- sioner of Income-tax, Acquisition Range, Chandigarh being the Competent Autho- rity under Section 269B of the Income-Tax Act, 1061 (43 of 1961) have reason to believe that the Immovable property, having a fair market value exceeding Rs. 25,000 and bearing No. Throe shops in Nai Mandi, situated at Narnaul (and more fully described in the Schedule annexed horeto), has been transferred as per deed registered under the Indian Registration Act, 1908 (16 of 1908) in the Office of the registering officer at Narnaul in February, 1973, for an apparent consideration whi^h is less than the fair market value of the aforesaid 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 percent of such apparent consideration and that the consideration for such transfer as agreed to between the transferor(s) and the transferee (s) has not been truly stated in 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, 1061 (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 (11 of 1022) or the Income-tax Art, 1061 (43 of 1901) or the Wealth-tax Act, ]957 (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 Suo-sec- tion (1) of Section 269D of the Income-tax Act, 1961 (43 of 1961) to the following persons, namely:-—

(1) Shrl Parma Nand, s/o Shrl Kesri Chand Aggarwal, Amir Pet, Anand Bagh, Hyderabad (A.P.).—(.Transferor).

(2) Shri Satya Narain, s/o Shrl Magni Ram, c/o S, N. Cement Pipe Indus- tries, Narnaul.—(Transferee).

*(3) Shri/Smt,/Km. [Person(s) in occupation of the property!.

*(4) Shri/Smt./Km. FPerson(s) whom the undersigned knows to be interested in the property].

Objectionsi if any, to 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 49 days from the date of the publication of this notice in the Official Gazette.

It is hereby notified that a 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 Id 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

Three shops in Nai Mandi, Narnaul. East:—Saihan and Sarak. West: -^Saihan Mandi. North: —Shops. South:—Shop Brij Lai.

(Property as mentioned In the Registered Deed No. 1112 dated 8th February, 1973 of the Registering Authority. Narnaul,)

No. NNL/492/73-74.—Whereas I, G. P. Singh, Inspecting Assistant Commis- sioner of Income-lax, Acquisition Range, Chandigarh, being the Competent Autho- rity under Section 2<39B of the Income-Tax Act, 1961 (43 of 1961) have reason to believe that the immovable property, having a lair market value exceeding Rs. 25,000 and bearing No. two double storeyed shops, Nai Mandj situated at Nar- naul, (and more fully described in the Schedule annexed hereto), has been trans- ferred as per deed registered under the Indian Registration Art, 1908 (16 of 1908) In the Office of the registering officer at Narnaul in February, 1073, tor an apparent consideration which is less than the fair market value of the aforesaid property and" I have reason to believe that the fair market value of the property as afore- said exceeds the apparent consideration therefor by more than fifteen percent ol such apparent consideration and that the consideration for such transfer as agreed to between the transferor(s) and the transferee(s) has not been truly stated in 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 be 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 aforesaid property in terms of Chapter XXA of the Income-tax Act, 1(561 (43 of 19G1) 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, 19fil (43 of 1961) to the following persons, namely: —

(1) (i) Shrl Satya Narain Khaitan, s/o Shri Sagar Mai, (il) Shri Niranjan Lai, s/o Shri Safiar Mai, (iil) Shri iRam Avtar, s/o Shri Sagar Mai, (iv) ghri Jagdish Prnsad, s/o Shri Sagar Mai, (v) Shrimati Kamla Devi, w/o Shri Sagar Mai, c/o M/s. Htra Lai Sagar Mai, Mohlndergarh.— (Transferor).

(2) (i) Shri Ram Niwas, s/o Shri Musadi Lai, (il) Shri Omknr Mai, s/o Shri Musadi Lai, (iii) Smt. Sangitra Devi, w/o Shri Na?ar Mai. (iv) Smt. Kala Vati, w/o Shri Madhop Prasad, c/o M/s. Madho Prasad Ram Niwas, Nai Mandi, Narnnul.—(Transferee),

*(3) Shrl/Smt./Km. [Person(s) in occupation of the property}.

*(4) Shri/Smt./Km. [Person(s) whom the undersigned knows to be interested in the property].

Objections, if any, to 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 the publication of this notice in the Official Gazette.

It la hereby notified that a 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, end notice thereof shall be given to every per_son who has made such objection, and thfc 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 denned in Chapter XXA of the Income-tax Act, 1961 (43 of 1961) shall have the same meaning as given in that Chapter.

THE SCHEDULE

Two shops in Nal Mandi, Narnaul, East:—Shop Shri Gheesa Ram. West:—Shop Shri Sagar Mai. North:—Road. South:—Saihan Mandi.

(Property as mentioned in the Registered Deed No. 1118 dated 14th February, 1973 of the Registering Officer, Narnaul).

G. P. SINGH, Date' 23rd August, 1973. Competent Authority,

(Inspecting Assistant Commissioner of Income-tax, Acquisition Range) oaol • ⁸⁶ •

Chandigarh.

*[Strlke off where not applicable!

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BBLHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS. DELHI, 1 9 73