Compensation for deferred consideration: central government to pay portion of apparent consideration plus amounts payable before and after acquisition. The amendment mandates that where consideration for an immovable property transfer is payable after acquisition, the compensation payable by the Central Government equals the aggregate of: fifteen per cent. of the apparent consideration; amounts payable under the agreement on or before acquisition; and amounts payable after acquisition under this Chapter.
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.
Compensation for deferred consideration: central government to pay portion of apparent consideration plus amounts payable before and after acquisition.
The amendment mandates that where consideration for an immovable property transfer is payable after acquisition, the compensation payable by the Central Government equals the aggregate of: fifteen per cent. of the apparent consideration; amounts payable under the agreement on or before acquisition; and amounts payable after acquisition under this Chapter.
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