Section 2 - Amendment of sections 269D and 269P - Income Tax (Amendment) Act, 1973

2. Amendment of sections 269D and 269P. In the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the principal Act),- (a) in section 269D, in sub-section (1), in the first proviso, and in sub-clause (i) of clause (a) of the second proviso, for the words six months , the words nine months shall be, and shall be deemed always to have been, substituted; (b) in section 269P, in sub-section (1), the following shall be inserted at the end with effect from the 1st day of January, 1974, namely:- Provided that the provisions of this sub-section shall not apply in relation to any document which purports to transfer any immovable property for an apparent consideration not exceeding ten thousand rupees. Explanation.- For the purposes of this proviso, apparent consideration shall have the meaning assigned to it in clause (a) of section 269A subject to the modifications that for the expressions immovable property transferred and instrument of transfer occurring in that clause, the expressions immovable property purported to be transferred and document purporting to transfer such immovable property shall, respectively, be substituted. .