Income Tax Act, 2025
Section 269UH: Re-vesting of property in the transferor on failure of payment or deposit of
269UH. Re-vesting of property in the transferor on failure of payment or deposit of
consideration.—(1) If the Central Government fails to tender under sub-section (1) of section 269UG or
deposit under sub-section (2) or sub-section (3) of the said section, the whole or any part of the amount of
consideration required to be tendered or deposited thereunder within the period specified therein in
respect of any immovable property which has vested in the Central Government under sub-section (1) or,
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as the case may be, sub-section (6) of section 269UE, the order to purchase the immovable property by
the Central Government made under sub-section (1) of section 269UD shall stand abrogated and the
immovable property shall stand re-vested in the transferor after the expiry of the aforesaid period:
Provided that where any dispute referred to in sub-section (2) or sub-section (3) of section 269UG is
pending in any court for decision, the time taken by the court to pass a final order under the said
sub-sections shall be excluded in computing the said period.
(2) Where an order made under sub-section (1) of section 269UD is abrogated and the immovable
property re-vested in the transferor under sub-section (1), the appropriate authority shall make, as soon as
may be, a declaration in writing to this effect and shall—
(a) deliver a copy of the declaration to the persons mentioned in sub-section (2) of section
269UD; and
(b) deliver or cause to be delivered possession of the immovable property back to the transferor,
or, as the case may be, to such other person as was in possession of the property at the time of its
vesting in the Central Government under section 269UE.
269UI. Powers of the appropriate authority.—The appropriate authority shall have, for the
purposes of this Chapter, all the powers that a 1[2[Principal Chief Commissioner or Chief Commissioner]
or 3[Principal Commissioner or Commissioner]] of Income-tax has for the purposes of this Act under
section 131.
269UJ. Rectification of mistakes.—With a view to rectifying any mistake apparent from the record,
the appropriate authority may amend any order made by it under this Chapter, either on its own motion or
on the mistake being brought to its notice by any person affected by the order:
Provided that if any such amendment is likely to affect any person prejudicially, it shall not be made
without giving to such person a reasonable opportunity of being heard:
Provided further that no amendment shall be made under this section after the expiry of six months
from the end of the month in which the order sought to be amended was made.
269UK. Restrictions on revocation or alteration of certain agreements for the transfer of
immovable property or on transfer of certain immovable property.—(1) Notwithstanding anything
contained in any other law for the time being in force, no person shall revoke or alter an agreement for the
transfer of an immovable property or transfer such property in respect of which a statement has been
furnished under section 269UC unless,—
(a) the appropriate authority has not made an order for the purchase of the immovable property
by the Central Government under section 269UD and the period specified for the making of such
order has expired; or
(b) in a case where an order for the purchase of the immovable property by the Central
Government has been made under sub-section (1) of section 269UD, the order stands abrogated under
sub-section (1) of section 269UH.
If the Central Government fails to tender under sub-section
of section 269UG or
deposit under sub-section
or sub-section
of the said section, the whole or any part of the amount of
consideration required to be tendered or deposited thereunder within the period specified therein in
respect of any immovable property which has vested in the Central Government under sub-section
or,
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as the case may be, sub-section
of section 269UE, the order to purchase the immovable property by
the Central Government made under sub-section
of section 269UD shall stand abrogated and the
immovable property shall stand re-vested in the transferor after the expiry of the aforesaid period:
Provided that where any dispute referred to in sub-section
or sub-section
of section 269UG is
pending in any court for decision, the time taken by the court to pass a final order under the said
sub-sections shall be excluded in computing the said period.
Where an order made under sub-section
of section 269UD is abrogated and the immovable
property re-vested in the transferor under sub-section
deliver a copy of the declaration to the persons mentioned in sub-section
of section
269UD; and
deliver or cause to be delivered possession of the immovable property back to the transferor,
or, as the case may be, to such other person as was in possession of the property at the time of its
vesting in the Central Government under section 269UE.
269UI. Powers of the appropriate authority.—The appropriate authority shall have, for the
purposes of this Chapter, all the powers that a 1[2[Principal Chief Commissioner or Chief Commissioner]
or 3[Principal Commissioner or Commissioner]] of Income-tax has for the purposes of this Act under
section 131.
269UJ. Rectification of mistakes.—With a view to rectifying any mistake apparent from the record,
the appropriate authority may amend any order made by it under this Chapter, either on its own motion or
on the mistake being brought to its notice by any person affected by the order:
Provided that if any such amendment is likely to affect any person prejudicially, it shall not be made
without giving to such person a reasonable opportunity of being heard:
Provided further that no amendment shall be made under this section after the expiry of six months
from the end of the month in which the order sought to be amended was made.
269UK. Restrictions on revocation or alteration of certain agreements for the transfer of
immovable property or on transfer of certain immovable property.—
Notwithstanding anything
contained in any other law for the time being in force, no person shall revoke or alter an agreement for the
transfer of an immovable property or transfer such property in respect of which a statement has been
furnished under section 269UC unless,—
the appropriate authority has not made an order for the purchase of the immovable property
by the Central Government under section 269UD and the period specified for the making of such
order has expired; or
in a case where an order for the purchase of the immovable property by the Central
Government has been made under sub-section
of section 269UD, the order stands abrogated under
sub-section
of section 269UH.