2000 (12) TMI 5 - SC - Income Tax

Purchase of Immovable Property - orders under challenge in these appeals by the Revenue followed the earlier judgment of 'the same High Court in the case of Pradip Raman lal Sheth v. UOI - held that appropriate authority had no power in ascertaining the discounted value of the apparent consideration - It is not open to the Revenue to accept earlier judgment of SC in the case of the assessee in that case & challenge its correctness in the case of other assessees without any reason