1979 (10) TMI 1

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....HNA IYER J.--We regard the single point, persuasively presented by the learned Solicitor-General on behalf of the petitioner (The CIT, Andhra Pradesh), as deserving of a speaking order, although in dissent, since the question may arise again and needs to be silenced. Briefly, the facts. Four brothers, members of a coparcenary, partitioned their family properties, leaving in common a large house....

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....t to purchase of house property within the meaning of s. 54(1) of the Act. The High Court has held it is and we concur. Undoubtedly, each release, in these circumstances, is a transfer of the releasor's share for consideration to the releasee. In plain English, the transferee purchases the share of each of his brothers. It is for a price of Rs. 30,000 each. Had this been taken from non-fraternal o....

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....land for a price consisting wholly or partly of money's worth other than the conveyance of some other land.' Apparently he considered that a sale for something other than money can in a wider sense be properly described as a sale. " We agree. The signification of a word of plural semantic shades may, in a given text, depend on the pressure of the context or other indicia. Absent such compell....