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

The Gazette of India

EXTRAORDINARY

PART III—Section 1

PUBLISHED BY AUTHORITY

No. 8] NEW DELHI, WEDNESDAY, DECEMBER 28, 1983 /PAUSA 7,1905

Separate paging is given to this Part in order that it may be filed as a separate compilation

1223 GI/83

(1)

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTICES UNDER SECTION 269 D (I) OF THE

INCOME TAX ACT, 1961 (43 of 1961)

Office of Inspecting Assistant Commissioner of Income Tax, Acquisition Range II

New Delhi, the 26th December, 1983

Ref. No. IAC|Acq. IIjSR-I|3-S3|-JO139.— Whereas I, Sudhir Chandra 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 property, having a fair market value exceeding Rs. 25,000 and bearing No. 1903, situated at Chandni Chowk, Delhi, (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 on March, 1983, for an apparent con- sideration 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 trans- ferors) and 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 said Act, in resoect of any income arising from the transfer; and| or

(b) facilitating the concealment of any in- come 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 this Act, or the Wealth-tax Act, 1952 (27 of 1957).

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-section (1) of section 269D of the said Act, to the following persons, namely :-—

3

(3) Shri|Smt.|Km , (Person(s) jn occu-

pation

, of the property

(4) ShirijSnit.|Km.—-—(Person(s) whom the , undersigned know., to be —— • , interesied in the property)

Objections, if any, to the Acquisition of the said property may be made in writing to the under- signed :•—•

(a) by any of aforesaid poisons within a period of 45 days from the date of pub- lications 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

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.

THE SCHEDULE

All the premises having approach throi stair cases No. 1903, Chandni Chov^k, De another common stair case between shop 1904 and 1905, leading to the first floor ing 103,52 sq. yds., as per plan.

20-ff *T WNfonf^Rr %, *$t

Jf 1w T IT £ i

(1) Mrs. Bimla Rani W|o Sh. Durga Prashad r|o 838, Chandni Chowk, Delhi-6.

(Transferor) sfTfafrsr ^ T *; ^TQ 1903, ^HMt^tar, fosft, aft?

|?HT f ^T &%? ^ ^ 7 ^0 1 9 04 3 fk 1 9 05 %

srter-JFtr f s rr t, ^ r m^ 1 3 5. eo < n hR 1

ffSflv ^FST, tf9T*T tfftPFRV,

(2) Shri Om Prakash Gupta S|o Sh. Suraj Mai r|o 4311, Rajpur Road, Delhi-54, Karta on behalf of Om Prakash & Sons H.U.F. (Transferee)

^fprer

pation

(3) Shri|Smt.|Km.——, (Peri.on(s) in occu- , of the property)

[W°3> J16T/340/8 3-^?^J

(4) Shri|Smt.|Km.' (Pers,on(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 under- signed :—

(a) by any of aforesaid persons within a

period of 45 days from the date of pub- lications of this notice in the Official Gazette or a period cf 30 days from the service of notice on the respective persons, whichever period expires later

(b) by any other person interested in the

Official Gazette ;

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

Ref. No.. IAC|Acq|n|SP-l|3-83jl0l32,— Whereas I, Sudhir Chandra being the Competent Authority under section 269B of the Income-tax Act, 1961 (43 of 1961) (hereinaftei 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. 1903, situated at Chandni Chowk, Delhi, (and more fully described in the Schedule annexed hereto), has been transferred under the Rcgistiatipn Act, 1908 (16 of 1908) in the Office of the registering Officer at on March, 1983, for an apparent con- sideration 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 per cent of such apparent consideration and that the consideration for such transfer as agreed to between the trans- ferors) and transferee(s) has not been truly stated in the said instrument of transfer with the object of :—

THE SCHEDULE

(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

Ail the premises having approach through the staircase No. 1903, Chandni Chowk, Delhi & another common staircase between the shop No. 1904 & 1905 ending to the first floor mg. 135.60 sq. yds. and one half on third floor (built on above of first floor)

(b) facilitating the concealment of any in-

SUDHIR CHANDRA, Competent Authority

(Inspecting Assistant Commissioner of Income Tax) Acquisition Range II Delhi [New Delhi.

come 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 this Act, or the Wealth-tax Act, 1952 (27 of 1957)

Now, therefore, in pursuance of section 269C, I hereby initiate proceedings for the acquisition of the aforesaid property by the issue of the notice

[F. No. 316A|340l83-WTl A. R. NATARAJAN, Addl. Secy.

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