Supreme Court · 2019 INSC 186 · Decided 12 February 2019
Delhi Development Authority v. M/S. Karamdeep Finance & Investment (I) PVT. LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 186 · [2019] 3 S.C.R. 725
- Case number
- CIVIL APPEAL No. 1533/2019
- Decided
- 12 February 2019
- Bench
- ASHOK BHUSHAN, K.M. JOSEPH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 269, 269UD
Headnote
Transfer of Property: Leasehold property - Acquired under Chapter XXC of the Income Tax Act - Income Tax Department paid amount towards unearned increase of market value to Delhi Development Authority (DDA) - Thereafter the property was put to auction, in which respondent was the highest bidder - Sale deed was executed in favour of the respondent - Thereafter respondent moved application with DDA for conversion of lease- hold rights in the plots into freehold rights and also deposited amount towards conversion charges -
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