7 results for “capital gains”+ Section 151(2)clear
Sorted by relevance
Bench: HON'BLE MR. JUSTICE R. MAHADEVAN
2 WLR 449 : (1981) 1 All ER 865 (HL)] enunciated the look at test. According to that test, the task of the Revenue is to ascertain the legal nature of the transaction and, while doing so, it has to look at the entire transaction holistically and not to adopt a dissecting approach. 97. One more aspect needs to be reiterated