VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
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 in which the
transfer took place.
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(4) The profits or gains arising from the transfer of a
capital asset by way of distribution of capital assets on the
dissolution
