1986 (12) TMI 69

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..... 1555/2, Kucha Seth Sant Dass, Ludhiana. 2. This property belonged to three persons i.e., Smt. Surinder Kaur, Smt. Kamaljit Kaur and Smt. Harjit Kaur, having 1/3rd share each in the two properties. Total apparent consideration is Rs. 6 lacs. Eacs of the three transferors, therefore, sold properties individually of the apparent consideration of Rs. 2 lacs. There are five transferees and the aggre .....

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..... roceedings under s. 269C will not be initiated in respect of any immovable property for which the apparent consideration is Rs. 5 lacs or less and that where acquisition proceedings have been initiated by issue of notice under s. 269D, the proceedings will be dropped if the apparent consideration of the immovable property is below Rs. 5 lacs. Referring to this circular he urged that in the cases o .....

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..... eration before us in the case of Smt. Lal Devi vs. IAC (1987) 61 CTR (Trib) 18 (Chd) : (1987) 28 TTJ (Chd) 336 and vide our order dt. 29th Oct., 1986 in IT Acq. A. No. 17 of 1986, we have taken the view that appellate proceedings are the continuance of the proceedings before the Competent Authority. The appellate authority can do what the assessing authority can do. The circular of the Board is a .....

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