Land Acquisition Act, 1894 – Section – 4(1), 23(1) – Acquisition – Notification under Section 4(1) of the Land Acquisition Act, 1894 (1 of 1894) was published on October 24, 1961 acquiring a large extent of 1669 bighas 18 biswas of land for the planned development of Delhi – It is common knowledge that even in the same village, no two lands command same market value

  (1996) 7 AD 583 : (1996) 9 JT 307 : (1996) 7 SCALE 354 : (1996) 11 SCC 542 : (1996) 6 SCR 231 Supp SUPREME COURT OF INDIA…

Income Tax Act, 1963 – Section – 256(2) – Investment – Whether on the facts and in the circumstances of the case and in law the Tribunal was justified in holding that the purchase and sales by the assessee of shares in the National Rayon Corporation Ltd. and the Kohinoor Mills Ltd. should be considered as regular dealings

(1998) 9 JT 275 : (1997) 11 SCC 557 SUPREME COURT OF INDIA COMMISSIONER OF INCOME TAX (CENTRAL) BOMBAY — Appellant Vs. MAGANLAL CHHAGANLAL (P) LTD. — Respondent ( Before…