1971 (7) TMI 9

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ecision of the High Court of Delhi wherein the High Court refused to call for a statement of case under section 66(2) of the Indian Income-tax Act, 1922. The material facts of the case are as follows : There was a sale of jewellery in 1937 to the Prince of Berar. The main question that fell for decision was whether the sale was by the firm known as M/s. Babu Mal & Co. or whether it was by an a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... that the right to collect the price of those jewellery had been assigned to their share. The Income-tax Officer rejected the plea of Kapur Chand and Hira Lal and assessed them in respect of the profits said to have arisen as a result of the sale of those jewellery as an association of persons. That order was affirmed by the Appellate Assistant Commissioner. The Tribunal, however, set aside the or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s opinion. The High Court agreed with the Tribunal that no question of law arose from the order of the Tribunal. We are in agreement with the High Court that no question of law arises from the order of the Tribunal. The findings of the Tribunal are essentially findings of fact. In the result this appeal fails and the same is dismissed. No costs. Appeal dismissed.
Case laws, Decisions, Judg .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X