Statement u/s 269AB.

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..... such time as may be prescribed. Rule 48DD(2) has prescribed the period of 30 days from the date of the transaction for furnishing the statement. Rules 48DD(4) requires the Competent Authority to make an order registering the same within a period of 60 days from the date of receipt by him of the statement. After such registration, the statement is construed an instrument of transfer' within the me .....

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..... ted statement. 3. In cases of belated submission to statements in Form No. 37EE, action can be taken u/s 276AA of the Act for non-compliance with the provisions of section 269AB. Action u/s 276AA is, however, not a bar to the registration of the statements beyond 30 days. But Commissioners should make it a point to initiate prosecution in all cases of delay whenever it is un-reasonable. 4. The .....

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