1989 (6) TMI 19

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..... Appellate Tribunal has referred the following question of law for the decision of this court : "Whether, on the facts and in the circumstances of the case, was the Tribunal right in law in holding that no tax on capital gains was leviable on the sale of the land in question ?" The respondents are assessees to income-tax. We are concerned with the assessment year 1974-75. The Income-tax Appellat .....

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..... iew that the decision of the Appellate Tribunal is erroneous in law. We, therefore, answer the question referred to us in the negative, in favour of the Revenue and against the assessee. A copy of this judgment under the seal of this court and the signature of the Registrar shall be forwarded to the Income-tax Appellate Tribunal, Cochin Bench.    
Case laws, Decisions, Judgements, .....

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