Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1959 (3) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1959 (3) TMI 9 - SC - Income TaxWhether on the interpretation of the sale deed it can be said that any good-will was purchased by the assessee ? Whether in view of the said proviso to section 10(5)(a) the Income-tax Officer on the facts and circumstances arising out of this case was competent to go behind the conveyance and fix a valuation of his own in the way he has done ?" Held that:- Question No. 1 was not allowed by us to be argued because the matter was not taken in the statement of case on behalf of the appellant and the only question which survives for consideration is the second one, i.e., No. 7, and this question, as it is or with modifications, should have been referred to the High Court. . We therefore direct that the question with the necessary modifications, if any, be referred and the case stated in accordance with section 66(1) of the Income-tax Act.
|