1989 (6) TMI 19

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....nstance of the Revenue, the Income-tax Appellate Tribunal has referred the following question of law for the decision of this court : "Whether, on the facts and in the circumstances of the case, was the Tribunal right in law in holding that no tax on capital gains was leviable on the sale of the land in question ?" The respondents are assessees to income-tax. We are concerned with the assess....