Section 4 - Amendment of section 269B - Income Tax (Amendment) Act, 1981

4. Amendment of section 269B. In section 269B of the principal Act, in sub-section (2), the following Explanation shall be inserted at the end, namely:- Explanation. - For the purposes of this sub-section, immovable property, being rights of the nature referred to in clause (b) of sub-section (1) of section 269AB in, or with respect to, any building or part of a building which has been constructed or which is to be constructed shall be deemed to be situate at the place where the building has been constructed or is to be constructed. .