Acquisition of immovable properties under Chapter XXA of Income-tax Act, 1961-Guidelines-Regarding

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..... s under Chapter XXA of Income-tax Act, 1961-Guidelines-Regarding Circular No.455 Dated 16/5/1986 The Finance Bill, 1986, has proposed that no proceedings shall be initiated under section 26 .....

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..... e.f. 1st April, 1986 acquisition proceedings under section 269C will not be initiated in respect of an immovable property for which the apparent consideration is Rs. 5 lakhs or less and that where acq .....

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