Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (12) TMI 33 - HC - Income TaxCapital gains arising out of the sale of the assets of the firm –assessability - Tribunal is not right in holding that capital gains arising out of the sale of the assets of the firm was assessable in the hands of the individual partners and not in the hands of the firm - Tribunal was not right in concluding that the capital gains arising out of the sale of the business of the firm as a going concern was liable to be assessed in the individual hands of the erstwhile partners, except the three, who as association of persons have purchased the assets of the firm
|