1988 (5) TMI 3 - SUPREME COURT

Whether the land sold by the assessee constituted a capital asset within the meaning of section 12B of the Indian Income-tax Act or was agricultural land as defined in section 2(4A) of the Act - Whether the transaction of lease effected by the assessee amounted to a transfer within the meaning of section 12B so as to attract liability for capital gains tax - Whether an issue not considered by the Tribunal can be raised before Supreme Court