SH. SANJEEV LAL ETC. ETC. vs. COMMISSIONER OF INCOME TAX CHANDIGARH&AN
C.A. No.-005899-005900 - 2014Supreme Court01 Jul 2014
Section 45Section 54
ii) the extinguishment of any rights therein; or
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21.
Now in the light of definition of “transfer” as defined under
Section 2(47) of the Act, it is clear that when any right in respect of
any capital asset is extinguished and that right is transferred to
someone, it would amount to transfer of a capital asset. In the light
