VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
45. Capital gains. – (1) Any profits or gains arising from
the transfer of a capital asset effected in the previous year
shall, save as otherwise provided in sections 54, 54B,
54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable
to income-tax under the head “Capital gains”, and shall be
deemed to be the income of the previous year
