Transfer of property u/s 2(47) or not - capital gain u/s 45 - ...

Land Transfer to Firm as Capital Contribution Not Capital Asset Transfer Under IT Act Section 2(47), No Capital Gain Section 45.

December 7, 2019

Case Laws Income Tax AT

Transfer of property u/s 2(47) or not - capital gain u/s 45 - The land was transferred by the partners to the firm as capital contribution which was recorded as stock-in-trade in the books of the firm. As such there was no transfer of capital assessee as stock-in-trade in the books of the assessee.

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Transfer of property u/s 2(47) or not - capital gain u/s 45 - ...

Land Transfer to Firm as Capital Contribution Not Capital Asset Transfer Under IT Act Section 2(47), No Capital Gain Section 45.

December 7, 2019

Case Laws Income Tax AT

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