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TMI BlogHearing of objectionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ve notice of the same to every person who has made such objection : Provided that such notice shall also be given to the transferee of such property even if he has not made any such objection. (2) Every person to whom a notice is given under sub-section (1) shall have the right to be heard at the hearing of the objections. (3) The competent authority shall have the power to adjourn the hearing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uch transfer as agreed to between the parties has not been truly stated in the instrument of transfer with such object as is referred to in clause (a) or clause (b) of sub-section (1) of section 269C, he may, after obtaining the approval of the 4[Principal Commissioner or] Commissioner, make an order for the acquisition of the property under this Chapter. Explanation.-In this sub-section, " ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt consideration for the property is less than the fair market value of the property on the date of the execution of the instrument of transfer 2[or where such property is of the nature referred to in sub-clause (ii) of clause (e) of section 269A on the date of the transfer], the consideration as agreed to between the parties has been truly stated in the instrument of transfer because such conside ..... X X X X Extracts X X X X X X X X Extracts X X X X
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