VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
b)
Without prejudice to the aforesaid contentions, his other submission was
that if at all the capital gain tax was payable, liability to pay the same
was that of the partnership firm and not the individual partners by virtue
of Section 45(4), which reads as under:
“45. Capital gains. – (1) Any profits or gains arising from
the transfer
