VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
gain on the
sale of ongoing concern. For this purpose, he drew sustenance from the
definition of 'capital asset' as contained in Section 2(14)(a) of the Act as
well as Section 45 of the Act. Section 2(14)(a) is to the following effect:
“2(14) “capital asset” means –
(a) property of any kind held by an assessee
