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<h1>Acquisition of immovable properties restricted where transfer aims to counteract tax evasion under Income tax law.</h1> Section 269S of the Income tax Act treats acquisition of immovable properties resulting from transfers designed to counteract tax liability as governed by a statutory anti evasion rule; it limits or regulates such acquisitions to prevent tax evasion, and was introduced by a legislative amendment in the early 1970s with a subsequent territorial adaptation removing a prior exclusion.