High Court Directs Tribunal to Refer Tax Questions: Date of Transfer, Capital Gain, Payment Nature

The High Court directed the Income-tax Appellate Tribunal to refer three questions of law regarding the date of transfer, capital gain exemption, and nature of payments for tube-well and standing trees for its opinion.

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The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer three questions of law to the court for its opinion. The questions relate to the date of transfer, capital gain exemption, and the nature of payments made for tube-well and standing trees.

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