VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
deductions therefrom.”
In para 45 of the judgment, the Court also stated that capital gains under
Section 45 of the Act are not income accruing from day to day. It is
deemed income which arises at a fixed point of time, viz. on the date of
transfer.
28)
When we apply the said legal principle to the facts
