1987 (7) TMI 16

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..... The matter arises in connection with availing of the benefit under section 54B of the Income-tax Act. The assessee sold his agricultural properties. He acquired new properties thereafter, with the aid of consideration received for his properties. The question is whether this acquisition was done within the time allowed by law. It is common ground that the sale deed was dated March 25, 1975, and ....

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....a question of law, which according to him, arose out of the appellate order of the Tribunal It was dismissed, by order dated January 30, 1985. Thereafter, this original petition was filed in this court praying that the Appellate Tribunal may be directed to refer the question of law, formulated in para II of the original petition. The question of law is as follows: "Whether the Tribunal was justif....