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What is Restrictions on registration, etc., of documents in respect of transfer of immovable property? What is Immunity to transferor against claims of transferee for transfer? Section 269UL and 269UM of Income Tax Act 1961

Restrictions on registration, etc., of documents in respect of transfer of immovable property and Immunity to transferor against claims of transferee for transfer are defined under section 269UL and 269UM of Income Tax Act 1961. Provisions under these Sections are:

Section 269UL of Income Tax Act "Restrictions on registration, etc., of documents in respect of transfer of immovable property"

Section 269UL. (1) Notwithstanding anything contained in any other law for the time being in force, no registering officer appointed under the Registration Act, 1908 (16 of 1908), shall register any document which purports to transfer immovable property exceeding the value prescribed under section 269UC unless a certificate from the appropriate authority that it has no objection to the transfer of such property for an amount equal to the apparent consideration therefor as stated in the agreement for transfer of the immovable property in respect of which it has received a statement under sub-section (3) of section 269UC, is furnished along with such document.

(2) Notwithstanding anything contained in any other law for the time being in force, no person shall do anything or omit to do anything which will have the effect of transfer of any immovable property unless the appropriate authority certifies that it has no objection to the transfer of such property for an amount equal to the apparent consideration therefor as stated in the agreement for transfer of the immovable property in respect of which it has received a statement under sub-section (3) of section 269UC.

 

(3) In a case where the appropriate authority does not make an order under sub- section (1) of section 269UD for the purchase by the Central Government of an immovable property, or where the order made under sub-section (1) of section 269UD stands abrogated under sub-section (1) of section 269UH, the appropriate authority shall issue a certificate of no objection referred to in sub-section (1) or, as the case may be, sub-section (2) and deliver copies thereof to the transferor and the transferee.

Section 269UM of Income Tax Act "Immunity to transferor against claims of transferee for transfer"

Section 269UM. Notwithstanding anything contained in any other law or in any instrument or any agreement for the time being in force, when an order for the purchase of any immovable property by the Central Government is made under this Chapter, no claim by the transferee shall lie against the transferor by reason of such transfer being not in accordance with the agreement for the transfer of the immovable property entered into between the transferor and transferee :

Provided that nothing contained in this section shall apply if the order for the purchase of the immovable property by the Central Government is abrogated under sub-section (1) of section 269UH.

   
 

Income Tax Act 1961

What is Mode of repayment of Special Bearer Bonds, 1991? What is Commencement of Chapter? What are the Income-tax Act, 1961-2015 Definitions? Section 269tt, 269U and 269UA of Income Tax Act 1961

What is Appropriate authority? What are the Restrictions on transfer of immovable property? Section 269UB and 269UC of Income Tax Act 1961

What is Order by appropriate authority for purchase by Central Government of immovable property? What is Vesting of property in Central Government? Section 269UD and 269UE of Income Tax Act 1961

What is Order by appropriate authority for purchase by Central Government of immovable property? What is Vesting of property in Central Government? Section 269UF and 269UG of Income Tax Act 1961

What is Re-vesting of property in the transferor on failure of payment or deposit of consideration? What is Powers of the appropriate authority? Section 269UH and 269UI of Income Tax Act 1961

What is Rectification of mistakes? What is Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property.? Section 269UJ and 269UK of Income Tax Act 1961

What is Restrictions on registration, etc., of documents in respect of transfer of immovable property? What is Immunity to transferor against claims of transferee for transfer? Section 269UL and 269UM of Income Tax Act 1961

What is Order of appropriate authority to be final and conclusive? What is Chapter not to apply to certain transfers? What is the meaning Chapter not to apply where transfer of immovable property effected after certain date Section 269UN, 269UO and 269UP of Income Tax Act 1961

 

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