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Notification: 409(E)
Section(s) Referred: s. 139(1)
Statute: INCOME TAX
Date of Issue: 10/5/2001
In exercise of the powers conferred by the first proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the immovable properties referred to below, as immovable properties for the purposes of clause (i) of the said proviso,—
(a) occupying the floor area of 2,000 sq. ft. or more in respect of immovable property used for residential (other than huts and kutcha dwellings) purposes ; and
(b) occupying the floor area of 300 sq. ft. or more in respect of im movable property used for commercial purposes.
In all urban areas in the country [other than the urban areas specified in Notifications vide S. O. No. 468(E), dated 27th.June, 1997, S. O. No. 669(E), dated 6th August, 1998 . S. O. No. 242(E), dated 9th April, 1999, and S. O. No. 372(E), dated 10th April, 2000], defined by the 1991 Census of India as comprising :
(a) All places with municipality, corporation, cantonment board or any notified town area committee ;
(b) All outgrowths of places referred to in (a) above ;
(c) All other places which satisfy the following criteria ;
(i) a minimum population of five thousand ;
(ii) at least seventy-five per cent. of male working population engaged in non-agricultural pursuits ;
(iii) a density of population of not less than four hundred persons per square kilometer.
[Notification No. 121/F. No. 142/72/2000-TPL]
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