assessee along with his brother had purchased a leasehold plot at Ghaziabad and constructed a building thereon.
The estimated investment in this property, according
order dated 16-07-2019, has sold the leasehold rights of plot no 66 admeasuring 270201.16 sqm, Greater Noida, Distt Gautam Budh Nagar, UP along
that case `A' agreed to purchase from `R' a leasehold plot. `R' was not having lease of the land in his favour ... obtain permission and sanction from the Government before the transfer of leasehold plot. `R' did not take any steps to apply for the sanction
that case `A' agreed to purchase from `R' a leasehold plot. `R' was not having lease of the land in his favour ... obtain permission and sanction from the Government before the transfer of leasehold plot. `R' did not take any steps to apply for the sanction
auction of plot Nos.1 and 1B took place and on 27.2.1959, through Sale Certificate, the leasehold rights were transferred in favour of Shah Ghayas ... with their counter affidavit reads as under:-
"1. That the leasehold plot bearing No.1B La-place colony, Hazaratganj, Lucknow, is in the name
Greater Noida since 2006 until 07.03.25, having lawfully been allotted the leasehold plot from UPSIDA for the said project. The present FIR emanates from
U.P. State Industrial Development ... vs Nazir And Others on 16 April, 2018
Bench: Sudhir
rates on which development authorities used to offer allotment of developed plots carved out by them in residential or industrial area. Such rates apparently cannot ... development authorities etc. constitute initial premium payable on allotment of plots on leasehold basis.
25. However, where an exemplar of small piece of land
obtaining permission from the Authority for sale of her leasehold interest in the aforesaid plot transferred it by way of registered sale deed dated ... plot. He after obtaining permission from the Authority sold the leasehold rights in the plot including the constructions standing thereon in favour of the petitioner
rates on which development authorities used to offer allotment of developed plots cropped out by them in residential or industrial area. Such rates apparently cannot ... development authorities etc. constitute initial premium payable on allotment of plots on leasehold basis.
26. However, where an exemplar of small piece of land