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2009 (3) TMI 66 - GUJARAT HIGH COURTSale of property - partition of HUF - capital gains – amount paid by each of the assessees (mother and father) to the other two members (their sons) of the HUF for acquisition of their share in the immovable property - amount paid would be termed to be the cost of acquisition to the assessees u/s 48, being cost of acquisition of the additional interest or additional share – while computing capital gains on sale of their respective share, deduction of amount paid is admissibleSale of property - partition of HUF - capital gains – amount paid by each of the assessees (mother and father) to the other two members (their sons) of the HUF for acquisition of their share in the immovable property - amount paid would be termed to be the cost of acquisition to the assessees u/s 48, being cost of acquisition of the additional interest or additional share – while computing capital gains on sale of their respective share, deduction of amount paid is admissibleSale of property - partition of HUF - capital gains – amount paid by each of the assessees (mother and father) to the other two members (their sons) of the HUF for acquisition of their share in the immovable property - amount paid would be termed to be the cost of acquisition to the assessees u/s 48, being cost of acquisition of the additional interest or additional share – while computing capital gains on sale of their respective share, deduction of amount paid is admissible
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