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2003 (5) TMI 33
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....e references at the instance of the Revenue, the Income-tax Appellate Tribunal, Delhi (for short "the Tribunal") has referred under section 256(1) of the Income-tax Act, 1961 (for short "the Act"), the following question for our opinion: "Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the provisions of section 2(14)(iii)(a) of the Income....
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....de the scope of capital asset and the aforenoted section was not applicable. The decision of the Tribunal in Surjan Singh's case came up for consideration of this court and vide order dated October 10, 2002, since reported as CIT v. Surjan Singh [2003] 260 ITR 351 (Delhi), it was held that section 2(14)(iii)(a) is applicable to rural areas of Union Territory of Delhi and capital gain arising on tr....