2008 (7) TMI 990

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....arned counsel for the Respondent. 2. By the above appeal, the appellant Revenue is seeking to raise the following three substantial questions of law : "(a) Whether on the facts and the circumstances of the case and in law, the Hon'ble Tribunal was justified in concluding that the capital gains is not chargeable to tax in the asst. yr. 1994-95 even though the agreement was entered into o....

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.... learned counsel for the respondent, pointed out that in the case of Chaturbhuj Dwarkadas Kapadia vs. CIT (2003) 180 CTR (Bom) 107: (2003) 260 ITR 491(Bom) wherein almost identical issues were involved and the same was also relied upon by the Tribunal in its order. 4. In the aforesaid judgment, this Court had clearly taken a view that the relevant assessment year for the purpose of computation of....