Urban Land (Ceiling & Regulation) Act, 1976 (hereinafter referred to as ULC Act ) and its value should be at the rate of compensation ... Departmental Valuation Officer, who has even considered the impact of ULC Act also while arriving at the valuation of the open land in question
Act by notification under section 269D of the Act on 1 1-7-1974. On 17-2-1976, the Urban Land (Ceiling & Regulation) Act ... property inspite of ULC restrictions. They could dispose off land except the surplus land under the ULC Act and this Act did not prevent them
Urban Land (Ceiling & Regulation) Act, 1976 hitherto referred as (" ULC Act ") on the values of the said properties ... completely ignored the legal effect of the ULC Act . under Section 3 of the ULG Act, persons were not entitled to hold vacant land
provisions of Urban Land (Ceiling & Regulation) Act, 1976 (for short, ULC Act ), Shri N.J. Patel was permitted to hold only 9000 sq. mtrs ... liable to be declared as surplus land and acquired under the ULC Act . However, Section 21 of the ULC Act provides that if the surplus
asset" merely because a notice is issued under the ULC Act and the proceedings were not complete under Section 10(3) of the ULC ... assessee's paper book and the provisions of the ULC Act to submit that after the service of statement under Section
assessee and thus the entire land at Wanawari became surplus under ULC
Act and accordingly the said surplus land was valued ... rate of Rs. 5/- per Sq Mtr awareded for compensation under ULC Act , was adopted.
4. In response to the show cause notice issued
Urban Land (Ceiling & Regulation) Act, 1976
(hereinafter called the ULC Act ), and an area of 22596.80 sq.mtrs.
was declared as surplus land ... above
two agreements. Pursuant to such order under the ULC Act , the
land was transferred in the name of Government of Maharashtra.
Thereafter, the assessee
question has been declared as surplus land under provisions of ULC Act . Therefore, the impact of the applicability of ULC Act in relation ... surplus land vide order dt. 2nd July, 1977, passed under the ULC Act . Once any particular land has been declared as surplus land, the owner
constructed function halls on the
land claimed to be under the ULC
Act and superstructures on the
balance adjacent and sold later ... that
the property remained at Section
10(1) stage of the ULC Act and that
the land has not got vested with the
Government
Hindustan Ciba-Geigy Ltd, Mumbai vs Assessee
IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCH
