SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
2(47) of the Act which defines
the term “transfer”. The term “transfer” has been given an inclusive
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JUDGMENT
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definition and according to the said definition, whenever there is an
extinction of any right in respect of a capital asset, such an
extinction would mean transfer of the property. He had, therefore,
submitted that by virtue
