REGISTERED No. D. 221
EXTRAORDINARY
PART III—Section I
PUBLISHED BY AUTHORITY
No. 9] NEW DELHI, SATURDAY, SEPTEMBER 29, 1973/ASVINA 7,1895
Separate paging is given to this Part in order that it may be filed
as a separate compilation
OFFICE OF THE INSPECTING ASSISTANT COMMISSIONER OF
INCOME-TAX ACQUISITION RANGE, BHUBANESWAR
NOTICE UNDER SECTION 269D(1) OF THE INCOME-TAX ACT, 1961 (43 OF 1961) Bhubaneswar, the 25th September 1973
No. l/73-74/.I.A.C.(A/R), Bhubaneswar,—Whereas, I Sri V. S. Murthy, being the competent authority under flection 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 Survey No. 58/Survey No. 59 situated at village Sankarapur (BerhamPur) (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 Berham- pur on 23rd March, 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 there- for by more than fifteen per cent of such apparent consideration and that the con- sideration for such transfer as agreed to between the t r a n s f e r) and the trans- feree(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
(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 1937);
(195)
ig6 THE GAZETTE OF INDIA EXTRAORDINARY [PART Ill—Szct. IjAnd whereas the reasons for initiating proceedings lor 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 26j)D of the Income-tax Act, 1961 (43 of 1981) to the following persons, pamely:— (1) Shri Suhh Karon Bararia C/o Santosh Chandra Bararia
At: Jflmunalal Bajaj Street, Calcutta . . . (Transferor)
(2) Mr. Joseph Vallooram S/o Joseph Vallooram Senior
(Transferee)
Kanjur3 Distt. Ernakulam
*(3) Shri/ Shrimati/Kumari
(person in occupation of the
property)
•(4) Shrl/Shrimati/Kumflri
(person whom the undersigned knows to be lntrestcd m the property.)
Objections, if any, to the acquisition of the said property may be made hi writing to the undersigned:—
(a) by any of the aforesaid persona within a period of 43 dayg from the date of publication of this notice in 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 dayp from the date of the publication of thie 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 "Uch 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 at given in that Chapter.
THE SCHEDULE
Site located in Survey No. 59-AC, 0.16 3/4 cents. Survey No. flB-AC 0.37 cents Totalling AC. 0.53 3/4 cents of Sankarapur village -within Berhampur Municipality, Dlst. Ganjam.
*Strike off where not applicable. V. S, MURTHY,
Competent Authority,
(Inspecting Assistant CommiBBlon"r of Incom^-tfl* Acquisition Range BhubanMwai).
[f AW lit—SKC. 1] THE GAZETTE OP JNDIA BXTRAORDINABY 197 ip8 THE GAZETTE OF INDIA. EXTRAORDINARY [PART III—SKC. 1]