The Gazette of India
EXTRAORDINARY
PART III—Section 1
PUBLISHED BY AUTHORITY
No. 4] NEW DELHI, TUESDAY, SEPTEMBER 27, 1983/ASVINA 5, 1905 Separate paging is given to this Part in order that it may be filed as a separate compilation
THE GAZETTE OF INDIA : EXTRAORDINARY IPAKT III—SEC. 1]Income-Tax Act, 1961 (43 of 1961) (hereinafter referred te as the said Act), have reason to believe that the immovable property, having a fair market value exceeding Rs. 25,000/- and bearing No. Petti ka Nohara situated at Jodhpur (and more fully described in the schedule annexed hereto), has been transferred under the Registration Act, 1908 (16 of 1908) in tbe office of the Registering Officer at Jodhpur on 31-12-82 for an apparent consideration which is less than the fair market value of the aforesaid property and I have reason to believe that the said market value of the property D" afore- said exceeds the apparent consideration thereof by more than fifteen percent of such apparent consideration and that the consideration for such transfer as agreed to between the parties 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 said Act 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 fur the purpose of the Indian Income-tax Act, 1922 (11 of 1922) or the said Act or the Wealth-tax Act, 1957 (27 of 1957) ;
Now, therefore, in pursuance of section 269C of the iaid Act, I hereby initiate proceedings for the acquisition of the aforesaid property by the issue of this notice hereby under sub-section (1) of section 269D of the said Act to the followinj persons, namely :—
(1) Shri Om Prakash Bhandarl, S/o, Shri Balwant Rai Bhandari, Petti Ka Nohara, Moti Chowk, Jodhpar (Transferor)
(2) Shri Prem Raj, S/o, Shri Man Mai Chopra, Moti
Chowk Jodhpur (Transferee).
objections, if any, to tbe acquisition of the said property may be mado in writing to the undersigned .—
(a) by any of the aforesaid person within a period of 45 days from the date of publication of, this notice in the Official Gazette or a perloH of 30 days from the service of notice on the respective persons, whichever period expires later;
(b) by any other persons, interested in the said immovable property, within 45 days from ihe date of the pub- lication of this notice in the official Gazette,
Explanation :•—The terms and expressions used herein a" nre doflned in chapter XXA of the said Act, shall have the same meaning a* given in that Chapter.
SCHEDULE
MINISTRY OF FINANCE (Department of Revenue)
Part of the property situated at Petti Ka Nohara, Moti Chowk, Jodhpur, and more fully described in the *ale deed registered by (ho S. R. Jodhpur vide No. 3411 dated 31-12-82.
Office of the I.A.C. Acquisition Range, Central Revenue Building, Stfttue Circle, Jaipur
Jaipur, the 23rd September, 1983
MOHAN SINGH, Competent Authority. Inspection Assistant Commissioner of Income Tax
Acquisition Range, Jaipur.
Notie* under section 269D (I) of tho Income tax Act, 1961 (43 of 1961)