On the same date, by the same Finance Act, Section 280ZA was omitted with effect from the same date i.e. 1.4.1988.
F. Nariman, J. The assessee, a private limited companypany, had an industrial unit at Majiwada, Thane, which was a numberified urban area.
By an order dated 31.3.1994, the Assessing Officer imposed a tax on capital gains, refusing to grant exemption to the appellant under Section 54G. The reasons given were I have carefully companysidered the submission of the assessee.
