Government purchase of immovable property via appropriate authority orders replaces private transfer pending prescribed compliance and payment. This Chapter empowers an appropriate authority to require that agreements for transfer of specified immovable property be furnished and may, for reasons recorded in writing and within prescribed time limits, order purchase of such property by the Central Government at an amount equal to the apparent consideration; upon such order the property vests in the Central Government, consideration must be paid or deposited within prescribed periods, and failure to do so results in abrogation of the order and revesting in the transferor.
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.
Government purchase of immovable property via appropriate authority orders replaces private transfer pending prescribed compliance and payment.
This Chapter empowers an appropriate authority to require that agreements for transfer of specified immovable property be furnished and may, for reasons recorded in writing and within prescribed time limits, order purchase of such property by the Central Government at an amount equal to the apparent consideration; upon such order the property vests in the Central Government, consideration must be paid or deposited within prescribed periods, and failure to do so results in abrogation of the order and revesting in the transferor.
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