1992 (8) TMI 43

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....her, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct both on facts and in law in directing the Assessing Officer to treat the income of the society from sale of plots to outsiders under the head 'Capital gains '?" In our opinion, no question of law arises for the simple reason that the respondent was a society which was set up in 1947 for the pur....