1990 (6) TMI 34

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....of an assessee to income-tax, the Income-tax Appellate Tribunal has referred the following question of law for the decision of this court : "Whether, the Tribunal was right in finding that 'the unregistered written agreement dated January 26, 1973, is a sale itself and that, therefore, the capital asset was transferred on January 26, 1973, for a specific price of Rs. 6,25,000' and was the Tribu....

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....18, 1978, held that there was a sale of the specific trees standing in the specified area in the schedule and capital gains exigible to tax arose during the relevant accounting period relevant to the assessment year 1973-74. The order of the Appellate Tribunal, dated December 18, 1978 in I. T. R. Nos. 241-293/ Coch. of 1976-77 was the one rendered in the case of the other co-owner, the father-in-l....