TMI Blog2007 (8) TMI 772X X X X Extracts X X X X X X X X Extracts X X X X ..... ssment year 2001-02. 2. The question that the revenue seeks to urge in this case is whether the sale of an industrial shed by the assessee resulted in a short-term capital gain or a long-term capital gain. The assessee was issued an allotment letter in respect of an industrial shed by DSIDC. This was sometime in 1994. The assessee paid the first instalment immediately on allotment and paid the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f this case, we are of the opinion that it will pertain only to a single assessee and not constitute a general precedent. Therefore, the impugned order does not raise a substantial question of law. 5. We also find that the tax effect in this case is a little over ₹ 1 lakh. It is well below the limit as to tax effect, as determined by the Central Board of Direct Taxes. 6. The appeal is ..... X X X X Extracts X X X X X X X X Extracts X X X X
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