VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
16 of the Partnership Deed.
On the aforesaid facts, it becomes clear that asset of the firm that was
sold was the capital asset within the meaning of Section 2(14) of the Act.
It is not even disputed. Once it is held to be the “capital asset”, gain
