Commissioner of Income-tax v. Adarsh Co. Op. Housing Society Ltd
[Citation -2015-LL-0505-23]
| Citation | 2015-LL-0505-23 |
|---|---|
| Appellant Name | Commissioner of Income-tax |
| Respondent Name | Adarsh Co. Op. Housing Society Ltd. |
| Court | HIGH COURT OF GUJARAT AT AHMEDABAD |
| Relevant Act | Income-tax |
| Date of Order | 05/05/2015 |
| Judgment | View Judgment |
| Keyword Tags | substantial question of law • transfer of plot |
| Bot Summary: | Present Reference, at the instance of the revenue, is made by the learned tribunal to consider the following substantial question of law :- Whether the amount received by the assessee Society on account of transfer of plot by members is taxable or nor 2.00. At the outset, it is required to be noted that the present Reference was kept pending, as the issue was referred to the Full Bench of this Court. It is reported that now the issue / question raised in Page 1 of 2 Downloaded on : Tue Aug 11 09:24:15 IST 2020 O/ITR/112/1987 ORDER the present Reference is squarely covered by the decision of the Full Bench of this Court in its Judgement and Order dated 24/4/2015 rendered in I.T.R. No.33 of 1998 and other allied Reference and it is held against the revenue. In view of the above, the question of law is answered against the revenue. Now, the matter is remitted to the learned appellate tribunal to decide the matter in accordance with law and in light of the observations made by the Full Bench of this Court in its Judgement and Order dated 24/4/2015 rendered in I.T.R. No.33 of 1998 and other allied References. |