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Section – 269UM : Immunity to transferor against claims of transferee for transfer

Published by Law@HostBooks at March 7, 2018
Categories
  • CHAPTER XXC - Purchase by central government of immovable properties in certain cases of transfer
  • Income-tax Act 1961
Tags

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.

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