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REGISTERED No. D. (D.N.)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 1

PUBLISHED BY AUTHORITY

No. 7] NEW DELHI, TUESDAY, DECEMBER 13, 1983/AGRAHAYANA 22, 1905 Separate paging is given to this Part in order that it may be filed as a separate compilation

(1)

1155 GI/83

MINISTRY OF FINANCE

(Central Board of Direct Taxes)

NOTICE UNDER SECTION 269D (I) OF THE INCOME TAX ACT, 1961 (43 of 1961)

Office of the I.A.C. Acquisition Range

Jaipur, the 3rd December, 1983

Ref. No. : Rej|IAC|(Acq.)2264.—Whereas, I Mohan Singh, being the competent authority under Sec. 269B of the Income-Tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), have reason to believe that the immovable property, having a fair market value exceeding Rs. 25,000 and bearing No. Chandragupt Hotel situated at Jaipur (and more fully described in the schedule annexed hereto), has been transferred under the Registration Act, 1908 (16 of 1908) in the office of the Registering Officer at Calcutta on March, 1983 for an apparent consideration which is less than the fair market value of the aforesaid property and T have reason to believe that the fail market value of the property as aforesaid exceeds the apparent consideration thereof by more than fifteen percent of such apparent consideration nnd that the consideration for such transfer as asxeod Kween the parties has not been truly stated in the said instrument of transfer ^vith 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 for the purpose of the Indian Income-tax Act, 1922 (11 of 1922) or the said Act or the wealth-tax: 1957 (27 of 1957):

Now, therefore, in pursuance of section 269 C of the said 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 following persons, namely :—

(1) Shri J. B. Investment Trust, a state, icrf 10 Rash Behari Bose, Road, Calcutta (West Bengal) ( Transferor)

(2) Shri Munish Kumar minor through his (Father) Shri Vijay Kumar Chaudhary through Choudhary Cotton Factory, Hanumangarh. (Transferee)

objections, if any, to the acquisition of the said property may be made in writing; to the under- signed :—

(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 period of 30 days from the service of notice on the respective persons, whichever period expires later;

fb) by any other persons, interested in the said immovable property, within 45 days from the date of the publication of this notice in the Official Gazette.

Explanation :—The terms and expressions used herein as are defined in Chapter XXA of the said Act shall have the same meanine as given in that Chapter.

SCHEDULE

i Portion Chandragupt Hotel situated near Sindhiacamp, Station Road, Jaipur, and more fully described in the sale deed rejdstered bv the S. R, Calcutta, vide re- gistration No. 2095|March 1083.

Date : 3-12-83

Seal

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NOTICE UNDER SECTION 269D (1) of THE INCOME-TAX ACT, 1961 (43 of 1961)

Ref. No. : Rej.|IAC (Acq.)[2265.—Whereas, I Mohan Singh being the competent authority under Sec. 269B of the Income-Tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), have reason to believe that the immovable property, having a fair market value exceeding Rs. 25,000 and bearing No. Chandragupt Hotel situated at Jaipur (and more fully described in the schedule annexed hereto), has been transferred under the Registration Act, 1908 (16 of 1908) in the office of the Registering Officer at Calcutta on March 1983 for an apparent consideration which is less than the fair market value of the aforesaid property and I have reasons to believe that the fair market value of the property as aforesaid exceeds the apparent consideration thereof by more than fifteen percent of such apparent couMderaiion 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 hav.e not been or which ought to be disclosed by the transferee for the purpose .of the Indian Income-tax Act, 1922 (U of 1922) or the said Act or the wealth-tax; 1957 (27 of 1957);

Now, therefore, in pursuance of section 269 C of the said Act, I hereby initiate processings 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 following persons, namely :—

(1) M/s. JJB. Investment trust, a state of 10 Rash Behari Bose Road, Calcutta (West (Transferor) Bengal)

(2) Kumari Mona Devi (minor) through her (Father) Shri Vijay Kumar Chaudhary through Choudhary Cotton Factory, Hanumarfgarh Junction. (Transferee)

objections, if any. to the acquisition of the said

property may be made in writing to the under- signed :—

(a) by any of the aforesaid person within a period of 45 days from the date of publication of the 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 persons, interested in the said immovable property, within 45 days from the date of the publication of this notice in the official Gazette.

Explanation :—The terms and expressions used

herein as are defined in chapter. XXA of the said Act shall have the same meaning as given in that Chapter.

SCHEDULE

i Portion Chandragupt Hotel situated near Sindhicamp, Station Road, Jaipur, and more fully described in the sale deed registered by the S. R. Calcutta vide registration No. 2099|March 1983.

Date : 3-12-83

Seal

NOTICE UNDER SECTION 269D [JJ OF THE NCOME TAX ACT, 1961 [43 OF 1961]

Ref. No. : Rej|IAC (Acq.)|2266.—Whereas, 1 Mohan Singh being the competent authority under Sec. 269B of the Income-Tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), have reason to believe that the immovable property, having a fair market value exceeding Rs. 25,000 and bearing No. Chandragupt Hotel situated at Jaipur (and more fully described in the schedule annexed hereto), has been transferred under the Registration Act, 1908 (16 of 1908) in the office of the Registering Officer at Calcutta on March 1983 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 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

5

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 for 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 said 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 following persons, namely :—

(1) M[s. J. B. Investment trust, a state of 10 Rash Behari Bose Road, Calcutta (West Bengal).

(2) Kuniari Shital (Minor) through her (Father) and natural Guardian Shri Prathviraj Chaudhary through Chau- dhary Cotton Factory, Manumangarh Junction.

(Transferee)

objections, if any, to the acquisition of the said property may be made in writing to the under- signed :—

(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 period 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 the date of the publication of this notice in the official Gazette.

Explanation :—The terms and expressions used herein as are defined in Chapter XXA of the said Act, shall have the same meaning as given in that Chapter.

SCHEDULE

1/4 Portion of Chandragupt Hotel situated near Sindhi Camp, Station Road, Jaipur, and more fully described in tht sale deed registered by the S.R. Calcutta vide registration No. 2100/March 1983.

Date : 3-12-83

Seal

NOTICE UNDER SECTION 269D [1] OF TH£ INCOME TAX ACT, I%1 [43 OF 1961]

Ref. No. Raj/IAC, (Acq.)/B263.—Whereas, I, Mohan Singh, being the competent authority under Section 269B of the Income-tax Act, 1981 (43 of 1981) (hereinafter referred to as the said Act) have reason to believe that the immovable property having a fair market value exceeding Rs. 25,000 and bearing No. Chandrapur Hotel situated at Jaipur (and more fully described in the schedule annexed hereto), has been transferred under the Registra- tion Act, 1908 (16 of 1908) in the office of the Registering Officer at Calcutta on March 1983 for an apparent consideration which is less than the fair market value of the aforestid property and I have reasons to believe that the fair market value of the property as aforesaid exceeds the apparent consideration thereof by mote than fifteen percent of such apparent consideration and that the con- sideration for such transfer as agreed to between the parties has not been fully 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 for the purpose of the Indian Income-tax Act, 1922 (11 of 1922) or the said Act or the Wealth-tax Act, 1947 (27 of 1957);

Now, therefore, in pursuance of section 269C of the said 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 following persons, namely :-—

(1) M|s. J. B. Investment trust, a state of 10 Rush Behari Bose Road, Calcutta (West Bengal). (Transferor)

(2) Shri Sacheen Kumar minor through his (Father) Shri Prathviraj Choudhary through Chaudhary Cotton Factory, Hanumangarh Junction.

(Transferee)

objections, if any, to the acquisition of the said property may be made in writing to the under- signed :—

(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 period 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 the date of the publication of this notice in the official Gazette.

Explanation :—The terms and expressions used herein as are defined in Chapter XXA. of the said Act, shalJ have the same meaning as given in that Chapter.

SCHEDULE

1/4 Portion Chandragupt Holel situated near Sindicsunp, Station Road, Jaipur, and more fully described in the said deed re- gistered by the S.R. Calcutta vide regis- tration No. 20^3 (March 1983.

Date : 3-12-83.

Seal:

NOTICE UNDER SECTION 269D(l) OF THE INCOME TAX ACT, 1961 (43 of 1961) Jaipur, the 18th November. 1983

Ref. No. : RejJIAC (Acq.)]2198.—Whereas, I Mohan Singh being the competent authority under Section 269B of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), have reason to believe that the immovable pro- perty having a fair market value exceeding Rs. 25,000 and bearing No Cotton Mill situated at Delhi (and more fully described in the schedule annexed hereto), has been transferred under the Registration Act. 1908 (16 of 1908) in the office

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of the Registering Officer at Delhi on 31-3-1983 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 of by more than fifteen per cent of such apparent consideration and that the consideration for such transfer as agreed to between the parties has not been fully 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 in- come 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 purpose of the Indian income-tax Act, 1922 (11 of 1922) of the said Act of the wealth- tax; 1957 (27 of 1957);

Now, herefore, n pursuance of section 269C of the said Act, I hereby indicate 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 following persons, namely :—

(1) Shri M|s. Mahadev Cotton Mills, limited Hamirgarh Road, Bhilwara (Rajasthan).

(2) M|s. The Pratap Commercial Company Pvt. Ltd. Pune Niwas, Bhilwara.

(Transferee)

objections if any, to the acquisition of the said property may be made in writing to the under- signed :—-

(a) by any of the aforesaid person within a period of 45 days from the date of pub- lication of this notice in the Official Gazette or a period of 30 days from the service of notice on the respective per- sons, whichever period expires later;

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

Explanation :—The terms and expressions used herein as arc denned in chapter XXA of the said Act shall have the same moaning as given in that Chapter.

SCHEDULE *

Shri Mahadeo Cotton Mills, Ltd., Land Building, Plant and Machinery situ- ated in Bhilwara, and more fully des- cribed in the sale deed Registered by the S. B. Delhi vide registration No. 549 dated 31-3-83.

Date : 15th November, 1983.

Seal :

MOHAN SINGH,

Competent Authority, Inspection Assistant Commissioner of Income Tax Acquisition Range, Jaipur

PRINTED BY THE MANAGER, OOVT. OF INDIA PRESS, RING ROAD, NEW DELH1-110064

AND PUBLISHED Btf TH£ CONTROLLER OF PUBLICATIONS, DELHI-110054, 1 9 83