ALLARAKHA A K Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) IN these reference cases, the following question has been referred for the opinion of this Court by the INcome-tax Appellate Tribunal, Jaipur Bench, Jaipur (hereinafter referred to as "the Tribunal"):

(2.) THE facts, briefly stated, and as set out in the statement of the case, are that Firdose Manzil, a building belonging to the applicant, A. K. Allarakha (hereinafter referred to as "the assessee") was acquired by the Government of Rajasthan under the provisions of the Rajasthan Land Acquisition Act on 13th March, 1965. THE Land Acquisition Officer valued the said property for the purpose of compensation at Rs. 6,92,317. THE State Government challenged the said award made by the Land Acquisition Officer before the civil Court and the civil Court valued the property for the purpose of awarding compensation at Rs. 5,68,343. THE Government of Rajasthan filed an appeal before this Court against the said decision of the civil Court. During the pendency of that appeal, this Court passed an interim order dt. 17th Aug., 1971, whereby it was directed as under :