Delhi High Court allows revival of petition based on revised house value & BSE share valuation

The High Court of Delhi disposed of the petition, allowing the petitioner to seek revival if the house value is revised. The valuation of shares on the Bombay Stock Exchange was accepted, considering the Central Board of Direct Taxes Circular and the distance between Bombay and Delhi. The court treated the valuation of shares as a factual matter in this case.

---

---

The High Court of Delhi disposed of the petition regarding the valuation of a house, allowing the petitioner to apply for revival if the house value is revised. The valuation of shares quoted on the Bombay Stock Exchange was accepted based on a Central Board of Direct Taxes Circular, considering the distance between Bombay and Delhi. The court viewed the valuation of shares as a question of fact in the present case.

---