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<h1>Kerala HC rejects Revenue's application, upholds Tribunal decision on bus sale value. No legal question found.</h1> The Kerala HC rejected the Revenue's application under section 256(2) of the Income-tax Act, upholding the Tribunal's decision that the permit fee formed ... Capital Gains, Finding Of Fact, Question Of Law The Kerala High Court rejected the Revenue's reference application under section 256(2) of the Income-tax Act, 1961. The court upheld the Tribunal's decision that the amount paid for obtaining the permit to ply on a specific route was part of the sale value of a bus. The court found no question of law to be determined and rejected the reference application.