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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Computation of long term capital gains - HUF has ever shown the ...


Hindu Undivided Family Cannot Transfer Unrecorded Long-Term Capital Gains Due to Lack of Acknowledgment in Books.

June 29, 2015

Case Laws     Income Tax     AT

Computation of long term capital gains - HUF has ever shown the capital asset in question in its books or admitted impugned long term capital gains in its case. - assessee is not entitled to shift assessment of impugned capital gains in HUF’s hands - AT

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