Transfer of the property by way of distribution of assets on ...

Capital Gain Classified as Long-Term Under IT Act Section 45(4) for Property Transfer Upon Partner Retirement.

October 29, 2015

Case Laws Income Tax AT

Transfer of the property by way of distribution of assets on retirement of two partners - there is no error or illegality in the order of the CIT(A) in allowing the claim of the assessee regarding capital gain as long term capital gain u/s 45(4) arising from the land retained by the assessee which was purchased in the year 1960 - AT

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Transfer of the property by way of distribution of assets on ...

Capital Gain Classified as Long-Term Under IT Act Section 45(4) for Property Transfer Upon Partner Retirement.

October 29, 2015

Case Laws Income Tax AT

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