I.P. Mukerji, J. - (1.) We are concerned with premises no. 1, Shakespeare Sarani, Kolkata which is well known as the air-conditioned market. The writ petitioners are the owners of the entire building excepting the second, third, fourth and ninth floors. The second, third and fourth floors were sold by them to Peerless General & Investment Company in 1995. An area measuring 10,317 sq.ft. on the ninth floor was sold on 10th January 1997 to Export Credit Guarantee Corporation of India Limited.
(2.) The petitioners want reassessment of the annual valuation for the period commencing from fourth quarter 1984-85, fourth quarter 1990-91 and fourth quarter 1996-97.
(3.) The petitioners have principally two grounds to ask for this reassessment.;