Section 269UE of ITA, 1961 : Section 269Ue: Vesting Of Property In Central Government
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a situation where Mr. Sharma agrees to sell his property to Mr. Gupta. The transaction is for a sum that is significantly lower than the market value, which raises suspicion under the Income Tax Act, 1961. The appropriate authority issues an order under section 269UD to acquire the property, suspecting tax evasion.
Upon this order, Mr. Sharma's property immediately vests in the Central Government as per Section 269UE(1)....
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
