1992 (8) TMI 2

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....18 lakhs, out of which Rs. 50,000 was already paid to them in November, 1987. A further amount of rupees one lakh and fifty thousand was received by the vendors from the first respondent in February, 1988. As security for the said amount the first respondent was put in possession of a portion of the property and she continues to be in possession of the same till date. On February 10, 1988, the appellant entered into an agreement for the purchase of a flat in Alaknanda, New Delhi, for a total consideration of rupees six lakhs and seventy-five thousand, out of which Rs. 20,000 was paid as earnest money. On March 14, 1988, the appropriate authority under Chapter XX-C of the Income-tax Act, 1961, passed an order directing the purchase of the sa....

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....propriate authority and the impugned interim order passed by the Delhi High Court she is neither able to dispose of the said property to a third party nor she is able to get the sale price of the said property either from respondent No. 1 or from the Government. He contended that if the balance of the purchase price is not paid to the appellant without delay, she will again lose interest for several years. In our opinion, in this case, some relief should be granted to the appellant because she has neither attempted to delay or defeat the compulsory purchase of the property by the Government nor has she any objection to the completion of the agreement for sale of the property to respondent No. 1. However, we are not in a position to direct a....