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2013 (3) TMI 327
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....veen Sinha,S. D. Singh ORDER The Income Tax Appellate Tribunal Delhi Bench 'A' New Delhi on the direction given by this Court has referred the following common question of law for opinion of this Court under Section 256 (2) of the Income Tax Act for the Assessment Year 1982-1983:- "Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was legally cor....
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....ntly, some more gold bonds were also sold at the end of the year. Thus, there was a balance of 2000 grams of gold bonds. A question arose as to whether these gold bonds were trading receipt or capital investment. The Assessing Officer held that it was a trading receipt and levied the tax accordingly. The order of Assessing Officer was confirmed in appeal. The matter was carried in further appea....