INCOME TAX OFFICER Vs. PARIKH TRANSPORT CO

JUDGEMENT

(1.) BY way of this appeal, the appellantrevenue has challenged the order dated 23.01.2001 passed by the Income Tax Appellate Tribunal, Ahmedabad [for short "the Tribunal"] in ITA No. 6030/Ahd/1994, whereby the appeal filed by the revenue was dismissed by the Tribunal.

(2.) THE short facts of this case are that on 13.10.1969, the respondentassessee had purchased one immovable property in the form of a godown at Bombay for an amount of Rs.1,22,767/.

(3.) WHILE admitting this appeal on 17.09.2001 this Court had formulated the following substantial question of law: