Land introduced as capital in partnership firm rightly taxed as capital gain u/s 45(3), no benefit can be given for…
ITAT allows profits from sale of plots earlier converted into stock in trade as capital gain with indexation benefit ABCAUS…
Consideration used in section 48 does not have any reference to market value but only to consideration referred to in…
Computation of capital gains for the purposes of sub-section (1B) of section 45 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD…
Consideration received on Family Settlement chargeable to capital gain tax in absence of 'preexisting right' in property. SLP dismissed by…
Tax liability of long-term capital gain is not on the power-of-attorney order but on registered owner of the property ABCAUS…
Capital gain to be computed first applying exemption and then provisions for set off of capital loss ABACUS Case Law…
Land received on HUF partition was itself stock in trade, hence there was no conversion of capital assets u/s 45(2)…
Transfer u/s 2(47)(v) is complete when possession of immovable property taken over in part performance of contract ABCAUS Case Law…
Capital gain arose in the year assessee relinquished his rights in the property at the time of allotment by executing…