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<h1>High Court rules for Revenue in multi-question case citing Tarajan Tea Co. precedent.</h1> The High Court of Gauhati ruled in favor of the Revenue and against the assessee on questions 1, 3, 4, 5, 6, and 7, and also on question 2. The judgment ... Assessment Order, Capital Gains The High Court of Gauhati delivered a judgment in response to questions referred by the Income-tax Appellate Tribunal. The court answered questions 1, 3, 4, 5, 6, and 7 in favor of the Revenue and against the assessee, and question 2 in favor of the Revenue and against the assessee. The judgment was based on a previous decision of the court in Tarajan Tea Co. Pvt. Ltd. v. CIT [1994] 205 ITR 45; [1993] Suppl. 1 GLR 98.
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