TaxTMI 
TaxTMI 
Amendments made by Income-tax (Amendment) Act, 1973 in sections 269D and 269P - Implications explained
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....ined 1. The Income-tax (Amendment) Bill, 1973, as passed by Parliament, received the assent of the President on December 25, 1973 and has been enacted as the Income-tax (Amendment) Act, 1973. This circular explains the provisions of the aforesaid Act (hereinafter referred to as "the Amending Act"). 2. The object of the Amending Act is to remove certain practical difficulties experienced in t....
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....which proceedings for acquisition of immovable property can be initiated by the competent authority has now been raised from six months to nine months from the end of the month in which the instrument of transfer in respect of the property is registered. This amendment has been made with retrospective effect from November 15, 1972 (i.e., from the date of coming into force of the provisions of Chap....
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.... of any court, the notice may be published after the injunction is vacated. In such cases, the extended period of limitation will be reckoned after excluding the time of the continuance of the injunction or order, the day on which it was issued or made and the day on which it was withdrawn [vide clause (b) of the second proviso to section 269D(1)]. 4. It is not unlikely that in some cases which....
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....s from the commencement of the Amending Act (i.e., before February 9, 1974), whichever period expires later. 5. Section 269P as it stood prior to its amendment by the Amending Act, provided that no registering officer shall register any document purporting to transfer any immovable property unless a statement in duplicate in respect of such transfer is furnished to him along with the instrument....