https://www.taxtmi.com/circulars?id=4499 Chapter XXA authorises designated Assistant Commissioners to acquire immovable property where the apparent consideration in a registered instrument is materially less than the property's fair market value and there is reason to believe the understatement facilitates tax evasion; initiation requires recorded reasons, Gazette notice, service on interested parties, prescribed limitation periods and a hearing, prior Commissioner approval for acquisition, compensation based on declared consideration plus a solatium subject to adjustments, and appeals to the Appellate Tribunal (facts) and High Court (questions of law). en-us Sat, 25 Nov 1972 00:00:00 +0530 Sat, 09 Aug 2008 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4499 Chapter XXA authorises designated Assistant Commissioners to acquire immovable property where the apparent consideration in a registered instrument is materially less than the property's fair market value and there is reason to believe the understatement facilitates tax evasion; initiation requires recorded reasons, Gazette notice, service on interested parties, prescribed limitation periods and a hearing, prior Commissioner approval for acquisition, compensation based on declared consideration plus a solatium subject to adjustments, and appeals to the Appellate Tribunal (facts) and High Court (questions of law). Circulars Income Tax Sat, 25 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4499