1990 (4) TMI 12

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....of law to this court under section 256(1) of the Income-tax Act, 1961. "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that there was no cost of acquisition of tenancy right when there cannot be a contract of tenancy in law without consideration of either premium or rent or both ?" The assessment year involved is 1976-77 for which the releva....