Central Board of Direct Taxes specifies the immovable properties, referred to below as immovable properties u/s 139 - S. O. 243(E) - Income Tax Act, 1961
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Immovable property specification sets floor area thresholds for residential and commercial eligibility in listed urban agglomerations. The Central Board of Direct Taxes, under the first proviso to sub section (1) of section 139 of the Income tax Act, specifies that immovable properties for the proviso comprise residential premises occupying 1,100 square feet or more and commercial premises occupying 175 square feet or more, as applied to a listed set of urban agglomerations and municipal areas.
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Provisions expressly mentioned in the judgment/order text.
Immovable property specification sets floor area thresholds for residential and commercial eligibility in listed urban agglomerations.
The Central Board of Direct Taxes, under the first proviso to sub section (1) of section 139 of the Income tax Act, specifies that immovable properties for the proviso comprise residential premises occupying 1,100 square feet or more and commercial premises occupying 175 square feet or more, as applied to a listed set of urban agglomerations and municipal areas.
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