Supreme Court · 1996 INSC 1317 · Decided 18 November 1996
Prima Realty v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1317 · [1996] SUPP. 8 S.C.R. 665
- Case number
- CIVIL APPEAL No. 14554/1996
- Decided
- 18 November 1996
- Bench
- J.S. VERMA, B.N. KIRPAL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Income Tax Act, I961 : Sections 269-UD (1), 269-UE (I}, 269- UG(l) and 269-UH (1). A B Income Tax-Immovable property-Compulsory purchase a/­ Payment of consideration-By cheque-Misdescription of name of payee C in cheque-Failure to correct some within prescribed statutory time-limit­ Ejfect and property got revested in transferors-Income Tax Rules, I962, R48-L and Form 37. Income Tax-Immovable property-Compulsory purchase a/- D Payment of consideration-By cheque-Statutory time-limit-Computation of-Payee neither indicated mode of payment nor appeared personally to receive
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