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COMMISSIONER OF INCOME-TAX versus GURSHER SINGH


Acquisition of immovable property in Circular No. 455, 16d 1986, the Central Board of Direct Taxes declares that proceedings will not be initiated where the property is being clearly considered for transfer and Section 269D Notice has been issued under the circular to which it applies. Proceedings of the Indian Income Tax Act, 1961, sections 269C and 269D Circular No. 455, dated 16 5 1986

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