IT Act 269UFअध्याय XX · C [ Inserted by Act 23 of 1986, Section 34 (w.e.f. 1.10.1986).] Purchase By Central Government Of Immovable Properties In Certain Cases Of Transfer

धारा 269UF · Consideration for purchase of immovable property by Central Government

अक्षर आकार — स्तर 1, कुल 4 में से

(1)

Where an order for the purchase of any immovable property by the Central Government is made under sub-section (1) of section 269-UD, the Central Government shall pay, by way of consideration for such purchase, an amount equal to the amount of the apparent consideration.

(2)

Notwithstanding anything contained in sub-section (1), where, after the agreement for the transfer of the immovable property referred to in that sub-section has been made but before the property vests in the Central Government under section 269-UE, the property has been damaged (otherwise than as a result of normal wear and tear), the amount of the consideration payable under that sub-section shall be reduced by such sum as the appropriate authority, for reasons to be recorded in writing, may by order determine.

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