1990 (12) TMI 26

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..... e petitioner states that he is the "karta" of an undivided family of five members. In this case, we are concerned with certain aspects with regard to the income-tax assessment on the petitioner for the assessment year 1972-73. During the previous year, about 2 acres and 3 1/5 cents of land belonging to the Hindu undivided family was acquired by the Government under the Land Acquisition Act for the .....

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..... 136 (Ker) was followed subsequently in more decisions than one ; the latest decision is reported in CIT v. Glory Paul [1990] 186 ITR 496 (Ker), wherein, besides the above decision in Sarala Devi's case [1987] 167 ITR 136 (Ker), the amendment made by section 3 of the Finance Act, 1989, to section 2(14) of the Income-tax Act, 1961, was also referred to, to show that the plea that no capital gains ta .....

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