Sampath Iyengar’s Law of INCOME TAX (Vol. 10 released)

CHAPTER XXA

Acquisition of Immovable Properties in Certain 

Cases of Transfer to Counteract Evasion of Tax

Section

269A Definitions

269AB Registration of certain transactions

269B Competent authority

269C Immovable property in respect of which proceedings for acquisition may be taken

269D Preliminary notice

269E Objections

269F Hearing of objections

269G Appeal against order for acquisition

269H Appeal to High Court

269-I Vesting of property in Central Government

269J Compensation

269K Payment or deposit of compensation

269L Assistance by Valuation Officers

269M Powers of competent authority

269N Rectification of mistakes

269-O Appearance by authorised representative or registered valuer

269P Statement to be furnished in respect of transfers of immovable property

269Q Chapter not to apply to transfers to relatives

269R Properties liable for acquisition under this Chapter not to be acquired under other laws

269RR Chapter not to apply where transfer of immovable property made after a certain date

269S Chapter not to extend to State of Jammu and Kashmir

CHAPTER XXB

Requirement as to mode of Acceptance, Payment or 

Repayment in Certain cases to Counteract Evasion of Tax

Section

269SS Mode of taking or accepting certain loans, deposits and specified sum

269ST Mode of undertaking transactions

269T Mode of repayment of certain loans or deposits

269TT Mode of repayment of Special Bearer Bonds, 1991

CHAPTER XXC

Purchase by Central Government of Immovable 

Properties in Certain Cases of Transfer

269U Commencement of Chapter

269UA Definitions

269UB Appropriate authority

269UC Restrictions on transfer of immovable property

269UD Order by appropriate authority for purchase by Central Government of immovable property

269UE Vesting of property in Central Government

269UF Consideration for purchase of immovable property by Central Government

269UG Payment or deposit of consideration

269UH Re-vesting of property in the transferor on failure of payment or deposit of consideration

269UI Powers of the appropriate authority

269UJ Rectification of mistakes

269UK Restrictions on revocation or alteration of certain agreements for the transfer of immovable property or on transfer of certain immovable property

269UL Restrictions on registration, etc., of documents in respect of transfer of immovable property

269UM Immunity to transferor against claims of transferee for transfer

269UN Order of appropriate authority to be final and conclusive

269UO Chapter not to apply to certain transfers

269UP Chapter not to apply where transfer of immovable property effected after certain date

CHAPTER XXI

Penalties Imposable

[270 Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989] 

270A Penalty for under-reporting and misreporting of income

270AA Immunity from imposition of penalty, etc

271 Failure to furnish returns, comply with notices, concealment of income, etc.

271A Failure to keep, maintain or retain books of account, documents, etc.

271AA Penalty for failure to keep and maintain information and document, etc. in respect of certain transactions

271AAA Penalty where search has been initiated

271AAB Penalty where search has been initiated

271AAC Penalty in respect of certain income

271B Failure to get accounts audited

271BA Penalty for failure to furnish report under section 92E

271BB Failure to subscribe to the eligible issue of capital

271C Penalty for failure to deduct tax at source

271CA Penalty for failure to collect tax at source

271D Penalty for failure to comply with the provisions of section 269SS

271DA Penalty for failure to comply with provisions of section 269ST

271E Penalty for failure to comply with the provisions of section 269T

271F Penalty for failure to furnish return of income

271FA Penalty for failure to furnish statement of financial transaction orreportable account

271FAA Penalty for furnishing inaccurate statement of financial transaction orreportable account

271FAB Penalty for failure to furnish statement or information or documentby an eligible investment fund 

271FB Penalty for failure to furnish return of fringe benefits

271G Penalty for failure to furnish information or document under section 92D

271GA Penalty for failure to furnish information or document under section 285A

271GB Penalty for failure to furnish report or for furnishing inaccurate report under section 286  

271H Penalty for failure to furnish statements, etc.

271-I Penalty for failure to furnish information or furnishing inaccurate information under section 195

271J Penalty for furnishing incorrect information in reports or certificates

[272 Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989]

272A Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.

272AA Penalty for failure to comply with the provisions of section 133B

272B Penalty for failure to comply with the provisions of section 139A

272BB Penalty for failure to comply with the provisions of section 203A

272BBB Penalty for failure to comply with the provisions of section 206CA

273 False estimate of, or failure to pay advance tax

273A Power to reduce or waive penalty, etc., in certain cases

273AA Power of Principal Commissioner or Commissioner to grant immunity from penalty

273B Penalty not to be imposed in certain cases

274 Procedure

275 Bar of limitation for imposing penalties

CHAPTER XXII

Offences and Prosecutions

275A Contravention of order made under sub-section (3) of section 132

275B Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132

276 Removal, concealment, transfer or delivery of property to thwart tax recovery

276A Failure to comply with the provisions of sub-sections (1) and (3) of section 178

[276AA Omitted by the Finance Act, 1986, w.e.f. 1-10-1986]

276AB Failure to comply with the provisions of sections 269UC, 269UE and 269UL

276B Failure to pay tax to the Credit of Central Government under Chapter XIID or XVIIB

276BB Failure to pay the tax collected at source

276C Wilful attempt to evade tax, etc.

276CC Failure to furnish returns of income

276CCC Failure to furnish return of income in search cases

276D Failure to produce accounts and documents

[276DD Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989]

[276E Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989]

277 False statement in verification, etc.

277A Falsification of books of account or document, etc.

278 Abetment of false return, etc.

278A Punishment for second and subsequent offences

278AA Punishment not to be imposed in certain cases

278AB Power of Principal Commissioner or Commissioner to grant immunity from prosecution

278B Offences by companies

278C Offences by Hindu undivided families

278D Presumption as to assets, books of account, etc., in certain cases

278E Presumption as to culpable mental state

279 Prosecution to be at the instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner

279A Certain offences to be non-cognizable

279B Proof of entries in records or documents

280 Disclosure of particulars by public servants

280A Special Courts

280B Offences triable by Special Court

280C Trial of offences as summons case

280D Application of Code of Criminal Procedure, 1973 to proceedings before Special Court

[CHAPTER XXIIA

Annuity Deposits

280A to Omitted by the Finance Act, 1988, w.e.f. 1-4-1988]

280X

[CHAPTER XXIIB

Tax Credit Certificates

[280Y Omitted by the Finance Act, 1990, w.e.f. 1-4-1990]

to 280ZE

CHAPTER XXIII

Miscellaneous

281 Certain transfers to be void

[281A Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5-1988]

281B Provisional attachment to protect revenue in certain cases

282 Service of notice generally

282A Authentication of notices and other documents

[282B Omitted by the Finance Act, 2011, w.e.f. 1-4-2011]

283 Service of notice when family is disrupted or firm, etc., is dissolved

284 Service of notice in the case of discontinued business

285 Submission of statement by a non-resident having liaison office

285A Furnishing of information or document by an Indian concern in certain cases

285B Submission of statements by producers of cinematograph films

285BA Obligation to furnish statement of financial transaction or reportable account 

286 Furnishing of report in respect of international group 

287 Publication of information respecting assessees in certain cases

287A Appearance by registered valuer in certain matters

288 Appearance by authorised representative

288A Rounding off of income

288B Rounding off amount payable and refund due

289 Receipt to be given

290 Indemnity

291 Power to tender immunity from prosecution

292 Cognizance of offences

292A Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply

292B Return of income, etc., not to be invalid on certain grounds

292BB Notice deemed to be valid in certain circumstances

292C Presumption as to assets, books of account, etc.

292CC Authorisation and assessment in case of search or requisition

293 Bar of suits in civil courts

293A Power to make exemption, etc., in relation to participation in the business of prospecting for, extraction, etc., of mineral oils

293B Power of Central Government or Board to condone delay in obtaining approval

293C Power to withdraw approval

294 Act to have effect pending legislative provision for charge of tax

294A Power to make exemption, etc., in relation to certain Union territories

295 Power to make rules

296 Rules and certain notifications to be placed before Parliament

297 Repeals and savings

298 Power to remove difficulties

Schedules

THE FIRST SCHEDULE

THE SECOND SCHEDULE

THE THIRD SCHEDULE

THE FOURTH SCHEDULE

THE FIFTH SCHEDULE

[THE SIXTH SCHEDULE.—Omitted by the Finance Act, 1972, w.e.f. 1-4-1973]

THE SEVENTH SCHEDULE

THE EIGHTH SCHEDULE

[THE NINTH SCHEDULE.—Omitted by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986 w.e.f. 1-4-1988]

THE TENTH SCHEDULE

THE ELEVENTH SCHEDULE

THE TWELFTH SCHEDULE

THE THIRTEENTH SCHEDULE

THE FOURTEENTH SCHEDULE

SUBJECT INDEX

SUPPLEMENT (Volumes 1 to 9)