Acquisition of undervalued property to counteract tax evasion allows government to acquire and compensate transferees.

Chapter XXA empowers a competent authority to initiate acquisition of immovable property when it has reason to believe the fair market value exceeds the apparent consideration and the transfer was intended to facilitate reduction or concealment of taxable income. Proceedings begin with a Gazette notice, service and local publication, and allow prescribed objections and hearings; after Commissioner approval and finalisation through appeal stages, possession vests in the Central Government and compensation equals the apparent consideration plus an additional statutory percentage, subject to adjustments for damage or post-transfer improvements and court determination where disputes arise.

---

---

---