Cadell Weaving Mill Co. Pvt. Ltd. vs Assistant Commissioner Of Income-Tax on 15 September, 1995
After going through the Full Bench of the Bombay High Court as well as Chandavarkar Sita Ratna Rao v. Ashalata S. Guram, AIR 1987 SC 117, we find that the ratio of the Full Bench of the Bombay High Court on the first of the points posed before it which deals with the question whether the statutory tenant governed by the Bombay Rent Act retains transferable interest in the tenanted premises or not, was not disturbed, and, therefore, in our opinion, the Full Bench decision of the Bombay High Court on that aspect of the matter should be taken to have become final.