1991 (8) TMI 17

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rred to us for our opinion the following question under section 256(1) of the Income-tax Act, 1961 : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that for the purposes of working out the capital gains arising out of the sale of 300 shares of Messrs. Alembic Chemical Works Co. Ltd., the cost of the shares to be deducted from the sale proceed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion which has been referred to us for our opinion, in the affirmative and against the assessee. Reference answered, accordingly, with no order as to costs. At this stage, Mr. K. H. Kaji, learned counsel for the assessee, prays that this may be certified to be a fit case for appeal to the Supreme Court under section 261 of the Income-tax Act, 1961. Since, in our opinion, the question which has bee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X