2022 (2) TMI 1036

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....ble Justice Hiranmay Bhattacharyya For the Appellant : Mr. Debasis Choudhury, Advocate, Mr. Madhu Jana, Advocate For the Respondent : Mr. Vishal Karla, Advocate, Mr. Avra Mazumder, Advocate JUDGMENT T. S. SIVAGNANAM, J.: This appeal by the Revenue filed under Section 260A of the Income Tax Act, 1961 (the Act in brevity) is directed against the composite order dated 27th November, 20....

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.... is in the nature of provision to meet the future liability? 3. Whether on the facts and in the circumstances of the case, the Learned Tribunal erred in holding the consideration received on sale proceeds of assessee's chemical undertaking is not liable to tax as short term capital gain under Section 50 of the Income Tax Act or as long term capital gain? We have heard Mr. Jana, learned....