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Bombay High Court

Can assessee claim exemption U/s. 54 for acquisition of more than one house?

April 2, 1990 4110 Views 0 comment Print

The petitioner is in the service of the Bank of Baroda. He purchased a flat in Suvarnadeep Co-operative Housing Society Limited (for short “Surnadeep”), Santacruz, Bombay, on March 21, 1973, for a sum of Rs. 49,140 for the purpose of his residence. He was residing in that flat On October 24, 1979, he sold the flat for Rs. 1,25,000

Orkay Silk Mills Limited & others vs. M.S.Bindra & Others (Bombay High Court)

February 25, 1986 1561 Views 0 comment Print

1. By this petition filed under Article 226 of the Constitution of India, the petitioners are challenging the legality of the order dated June 1, 1985 passed by respondent No. 1. The petitioner No. 1 is a company carrying on business of manufacturing polyester filament yarn of the type known as Partially Oriented Yarn (“POY”)

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