9911796707
Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be fully migrated on 31-July-2025 at 23:59:59
After this date, all services will be available exclusively on our new platform.
If you encounter any issues or problems while using the new portal,
please let us know
via our feedback form
, with specific details, so we can address them promptly.
Follow us:
|
Home
The High Court of Allahabad ruled that capital gains tax should not be deducted from the market value of assets for the purpose of the Wealth-tax Act, 1957. The decision was based on the precedent set in Bharat Hari Singhania v. CWT [1979] 119 ITR 258. The judgment was delivered by B. P. JEEVAN REDDY C. J. and V. N. MEHROTRA.
|
