1990 (6) TMI 34 - HC - Income Tax

Summary

The High Court of Kerala held that the unregistered agreement dated January 26, 1973, for the sale of trees in an estate was considered a sale itself. The Income-tax Appellate Tribunal's decision on capital gains tax was upheld in favor of the Revenue. The court declined to answer other aspects of the question. The judgment will be sent to the Income-tax Appellate Tribunal, Cochin Bench.