2001 (6) TMI 27

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....SHMY J. -At the instance of the Revenue, the following questions have been referred to us: "(1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in holding that the properties at No. 4, Nungambakkam High Road, Madras, and Balmal Apartments, Bombay, are business assets and no notional income from such properties should be estimated and asses....