2002 (6) TMI 39

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....URKAR J.-The questions referred, at the instance of the Revenue, to us are as follows: "1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the sum of Rs.9,82,068 being the amount received under the arbitration award for the work done in connection with the feeder canals for the Farakka Barrage Project during the period January 1, 1966....

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....the dissolution of the firm would be assessed as "income" at the hands of the assessee, who was none else but the erstwhile partner of the firm and who continued the very same business of the firm after the dissolution of the firm. The assessee also executed the unfinished work of the contract and also proceeded to do some more works in pursuance of the contract. Even in respect of the work done a....