Where any immovable property is situate within the local limits of the jurisdiction of two or more competent authorities, the competent authority within whose jurisdiction the office of the registering officer who registered the instrument of transfer in respect of such property is situate shall be the competent authority to perform the functions of competent authority under Chapter XXA in relation to such property.
Extra Notes for Readers:
- Rule 48D under Part XB was introduced by the Income Tax (4th Amendment) Rules, 1972, w.e.f. 15th Nov. 1972
- Refer Section 269RR under Chapter XXA of the Income Tax Act 1961, which reads as follows:
"The provisions of this Chapter shall not apply to or in relation to the transfer of any immovable property made after the 30th day of September, 1986."
Reference/Source: Check at Income Tax site for latest version of the Rules - link