VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
27)
In the aforesaid scenario, when the Official Liquidator has distributed the
amount among the nine partners, including the assessees herein, after
deducting the liability of each of the partners, the High Court has rightly
held that the amount received by them is the value of net asset of the
firm which would attract capital gain. Scope of Section
