2000 (11) TMI 5

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....1] 187 ITR 613) rejecting its application under section 256(2) of the Income-tax Act, 1961. The questions, which the Revenue sought reference of, read thus : "(a) Whether, on the facts and in the circumstances of the case and on a correct interpretation of various clauses in the purchase agreement dated December 4, 1978, entered into by the assessee with Bharat Trading Corporation, Bombay, for ....

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....irtue of entering into an agreement for purchase of the flat and this property had a marketable title and transferable as such ? (c) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in law in holding and directing the Income-tax Officer that the capital gains arising out of the sale of a flat at 112A, Mittal Towers, Nariman Point, Bomba....