2018 (7) TMI 1142 - SCH - Income Tax

Capital gain on revaluation of partnership - Tax the consideration received by assessee as partner of the two firms upon reevaluation and distribution of the partnership assets as short-term capital gain - Held that - SLP dismissed.

Summary

The Supreme Court of India, in 2018, dismissed the special leave petition after condoning the delay. Pending applications, if any, shall stand disposed of. No representation from the respondent(s) was made during the hearing.