VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
v. Ghanshyam
(HUF)9 and we would like to reproduce the following discussion from the
said judgment:
“16. The following conditions need to be satisfied for taxing
a transaction as capital gains viz. the subject-matter must
be a capital asset, the transaction must fall in the definition
of “transfer”, there must be profit or loss called “capital
gains
