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Income Tax - Highlights / Catch Notes

Home Highlights October 2023 Year 2023 This

Capital gain - Land transfered by assessee into partnership firm ...


Land Transfer to Partnership as Stock-in-Trade Triggers Capital Gains Tax Due to Unrevised Valuation.

October 14, 2023

Case Laws     Income Tax     AT

Capital gain - Land transfered by assessee into partnership firm - stock-in-trade is introduced into a firm - valuation of land was done by the assessee himself more as against the cost price and the same has not been revalued by the joint venture or the firm - Additions confirmed - AT

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