1987 (7) TMI 16

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....petitioner is an assessee to income-tax. The matter arises in connection with availing of the benefit under section 54B of the Income-tax Act. The assessee sold his agricultural properties. He acquired new properties thereafter, with the aid of consideration received for his properties. The question is whether this acquisition was done within the time allowed by law. It is common ground that the s....

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....256(1) of the Income-tax Act, to refer a question of law, which according to him, arose out of the appellate order of the Tribunal It was dismissed, by order dated January 30, 1985. Thereafter, this original petition was filed in this court praying that the Appellate Tribunal may be directed to refer the question of law, formulated in para II of the original petition. The question of law is as fol....

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....finding of the Appellate Tribunal that the date of execution of the sale deed is March 29, 1975 is not based on any evidence or that the said finding is based on irrelevant and immaterial factors or that relevant and material factors were not taken into account. We are of the view that the registration of the deed having taken place on March 29, 1975, the transfer was complete. The Appellate Tr....