Section Chapter XX-C (Sections 269U to 269UP)
Purchase by Central Government of Immovable Properties in certain cases of transfer
Quick Answer
Section Chapter XX-C (Sections 269U to 269UP) (Purchase by Central Government of Immovable Properties in certain cases of transfer) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec Chapter XX-C (Sections 269U to 269UP)
Provision Summary
Gave the Income Tax Department the pre-emptive right to step in and purchase any immovable property at the agreement price if they felt the sale deed was undervalued to evade tax.
Deleted
Provision Summary
NA. This draconian chapter was abolished entirely in 2002 as it led to massive litigation and administrative burden.
Key Changes & Highlights
- Replaced conceptually by Section 50C and 43CA which simply tax the difference based on Stamp Duty Value instead of physically buying the property.
Related Sections
Frequently Asked Questions
What does Section Chapter XX-C (Sections 269U to 269UP) of the Income Tax Act 1961 deal with?
Section Chapter XX-C (Sections 269U to 269UP) (Purchase by Central Government of Immovable Properties in certain cases of transfer) Gave the Income Tax Department the pre-emptive right to step in and purchase any immovable property at the agreement price if they felt the sale deed was undervalued to evade tax.
Is Section Chapter XX-C (Sections 269U to 269UP) of the ITA 1961 still applicable under DTC 2025?
Section Chapter XX-C (Sections 269U to 269UP) has been deleted under the Direct Tax Code 2025. NA. This draconian chapter was abolished entirely in 2002 as it led to massive litigation and administrative burden.
What is the status of Section Chapter XX-C (Sections 269U to 269UP) under the new tax code?
Section Chapter XX-C (Sections 269U to 269UP) is marked as "Deleted" with status "Deleted". Impact: High - Very famous historical tax law that terrorized the real estate market in the 90s.
What are the key changes to Section Chapter XX-C (Sections 269U to 269UP) under DTC 2025?
Replaced conceptually by Section 50C and 43CA which simply tax the difference based on Stamp Duty Value instead of physically buying the property.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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