Savings provision: existing foreign resident immovable property holdings remain exempt from modification to comply with new rules. Rule 33 provides a savings provision: existing holdings of immovable property in India by persons resident outside India, acquired in accordance with the policy at the time of acquisition, do not require modification to conform to these rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Savings provision: existing foreign resident immovable property holdings remain exempt from modification to comply with new rules.
Rule 33 provides a savings provision: existing holdings of immovable property in India by persons resident outside India, acquired in accordance with the policy at the time of acquisition, do not require modification to conform to these rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
