1986 (10) TMI 95

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....the representatives of the parties at length and to our mind there is strong force in the contentions raised on behalf of the appellants. These shops are let out at nominal rent of Rs. 100 and odd each on the rent capitalisation method, the value of these shops would not come to more than Rs. 12,000 each after taking into consideration due deductions on account of repairs and collection charges et....

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..... Apparently, the Society would not sell the shops at under value. This Deepchand also took up the proceeding before the Sub-registrar on the ground that lowest stamp duty had been paid by undervaluing the shops, but after a detailed enquiry, the Sub-Registrar by his order dt. 6th June, 1985 rejected the complainant's objection. Although, this is not conclusive of the matter it prima facie proves ....

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....6, has proposed that no proceedings shall be initiated under sec. 269C of the IT Act, 1961, in respect of a property transferred after 30th day of Sept., 1986. The Bill also proposes to inter Chapter XX-C providing for purchase by Central Government of immovable properties in certain cases of transfer. With a view to achieve early finalisation of proceedings under the existing Chapter XXA of th....