1990 (1) TMI 54

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....nvolved is whether the assessee who has paid the money for purchase of flats but in whose name there is no registered document can be regarded as an owner for the purposes of section 22 of the Act. The case of the petitioner is that except for the registration of a sale deed, all the other formalities which are required for completing a sale in its favour have been completed. The assessee has p....

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....ntended by learned counsel for the petitioner that though in Sushil Ansal's case [1986] 160 ITR 308 (Delhi) reference has been made to four other decisions, viz., Addl. CIT v. U. P. State .Agro Industrial Corporation Ltd. [1981] 127 ITR 97 (All), Kala Rani (Smt.) v. CIT [1981] 130 ITR 321 (P & H); CIT v. Steelcrete (P.) Ltd. [1983] 142 ITR 45 (Cal) and Addl. CIT v. Sahay Properties and Investment ....

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....king all the aforesaid factors into consideration, in our opinion, a question of law does arise. Whether this cage, after the reference has been made, should be heard by a, Division Bench or by a larger Bench will be decided by the Bench hearing the reference. We, accordingly, direct the Tribunal to state the case and refer the following questions of law to this court: 1) Whether, on the facts and....