2007 (12) TMI 467

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....MANTHA RAO, ADV JUDGMENT This appeal is by the revenue raising the following substantial question of law:  "Whether on the facts and in the circumstances of the case the Tribunal was justified in holding that the capital gains offered by the assessee has to be taken into account for the assessment year 1992-93 even though the sale deed has been registered subsequently and permi....

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....partment is that the assessee has obtained permission from the government to cut the standing trees in the next assessment year therefore the capital gain tax has to be computed for the year 1992-93 in view of the handing over of the possession of the entire land under section 53A of the Transfer of property act. Aggrieved by the order of the Assessing officer an appeal was preferred before the Co....