1990 (7) TMI 70

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..... g this court to direct the petitioner to state four questions : "1. Whether the Income-tax Appellate Tribunal was factually and legally correct in directing discounted value of compensation received by the assessee being taken in relation to the assessment years 1974-75 and 1975-76, when the asset to be valued was agricultural lands ? 2. Whether the Income-tax Appellate Tribunal was legally co .....

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..... assessee's case where what was received was compensation and not enhanced compensation which was the case considered by the honourable Supreme Court in Khorshed Shapoor Chenai v. Asst. CED [1980] 122 ITR 21 ? " After hearing learned counsel for the parties, we think that questions Nos. 1 and 2 are to be referred. Accordingly, they are directed to be stated. So far as question No. 3 is concerned .....

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