2011 (3) TMI 603

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..... ourt), judgment of this Court in CIT v. Gursher Singh holding that under Chapter XXA, power of compulsory acquisition could be exercised only in respect of immovable property where apparent consideration was Rs. 5 lacs and above - Hence, appeals are dismissed. - 10 of 1987, 11 to 13 of 1987 - - - Dated:- 25-3-2011 - MR. JUSTICE ADARSH KUMAR GOEL, MR. JUSTICE RAJESH BINDAL, JJ. Mr. I.P .....

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..... 36 ITR 691, judgment of this Court in CIT v. Gursher Singh another [1997] 225 ITR 725 and judgment of the Madras High Court in CIT v. Sivan Soap Factory [1997] 227 ITR 126 holding that under Chapter XXA, power of compulsory acquisition could be exercised only in respect of immovable property where apparent consideration was ₹ 5 lacs and above. In view of above, these appeals are dismisse .....

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