1997 (4) TMI 12 - SC - Income Tax

Acquisition Of Immovable Property - held that clarification and further direction made by the SC shall be supplemental to and be treated as parts of the main judgment

Summary

The Supreme Court judgment in this case is based on the principles established in the C. B. Gautam v. Union of India case. The Court directed that the Central Government must pay the intending seller the purchase amount plus interest at 9% per annum if an order for compulsory purchase is made. The Court clarified the time period for pending matters under section 269UD(1) to be reckoned from the date of disposal or vacating of stay orders. The appeal is disposed of with no costs.