1990 (6) TMI 34

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 Tribunal right in finding that 'the capi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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-law of the assessee. At the instance o....