VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
short,
Section 45 defines “capital gains”, it makes them
chargeable to tax and it allots the appropriate year for such
charge. It also enacts a deeming provision. Section 48 lays
down the mode of computation of capital gains and
deductions therefrom.”
In para 45 of the judgment, the Court also stated that capital gains under
Section
