2007 (8) TMI 772

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..... Bench 'C' in ITA No. 4327/D/2004 for the assessment 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 instal .....

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..... he Tribunal is incorrect on the facts of 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 .....

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