2000 (3) TMI 20

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....er Mehta (HUF), on the other hand, property bearing plot No. 22, "Janki Kutir", came to be sold. The dispute is regarding the cost of acquisition of the said property. The Assessing Officer took the value as on April 1, 1981, at Rs. 750 per sq. ft. After applying the cost index, the acquisition value was worked out at Rs. 36,03,680. The appellate authority overruled the decision of the Assessing O....

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....s. This is a pure finding of fact. No interference is called for. Hence, the appeal is dismissed. Before concluding one more point needs to be mentioned. The assessee has paid an amount of Rs. 8 lakhs to his son, Abrar Alvi. Much prior to the sale of the property in 1992, Abrar Alvi has instituted a suit in the city civil court being Suit No. 4763 of 1986, seeking an injunction restraining the ....