COMMISSIONER OF INCOME-TAX VS K. ANITA REDDY
2001 PTD 2415
[247 I T R 94]
[Supreme Court of India]
Present: S. P. Bharucha and D. P. Mohapatra, JJ
COMMISSIONER OF INOME‑TAX
Versus
K. ANITA REDDY and others
C. As. Nos. 8036 to 8039 of 1995, decided on 15/11/2000.
Appeal to Supreme Court‑‑‑
‑‑‑ Capital gains‑‑‑Decision of Supreme Court in Union of India v. S. Muthyam Reddy (1999) 240 ITR 341 referred to a larger Bench‑‑‑Indian Income Tax Act, 1961.
Held, that the judgment of the Supreme Court by a Bench of two Judges in Union of India v. S. Muthyam Reddy (1999) 240 ITR 341 requires consideration by a larger Bench.
Rajiv Nanda, Ms. A. Subhashini, S.K. Dwivedi and Ms. Sushma Suri, Advocates for Appellant.
T.L.V. Iyer, Senior Advocate (K. Moruthi Rao, Ms. K. Radha and G. Prabhakar, Advocates with him) for Respondents.
ORDER
Having heard learned counsel, we are of the view that the judgment of this Court by a Bench of two learned Judges in Union of India v. S. Muthyam Reddy (1999) 240 ITR 341 requires consideration by a larger Bench.
The civil appeals shall be placed before a Bench of three learned Judges.
M.B.A./984/FCOrder accordingly.