https://www.taxtmi.com/caselaws?id=64175 The Tribunal set aside the orders of the CIT(A) and the ITO in a case concerning the transfer of assets to a partnership firm, directing the ITO to conduct a detailed assessment based on legal principles outlined by the Supreme Court. The dispute arose from the transfer of land and building to a new firm, with the Tribunal emphasizing the need for a thorough investigation to ascertain the genuineness of the transaction and assess capital gains accurately. The decision aimed to prevent tax evasion by ensuring a comprehensive examination of the transaction. en-us Mon, 14 Apr 1986 00:00:00 +0530 Sat, 05 Feb 2011 12:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64175 The Tribunal set aside the orders of the CIT(A) and the ITO in a case concerning the transfer of assets to a partnership firm, directing the ITO to conduct a detailed assessment based on legal principles outlined by the Supreme Court. The dispute arose from the transfer of land and building to a new firm, with the Tribunal emphasizing the need for a thorough investigation to ascertain the genuineness of the transaction and assess capital gains accurately. The decision aimed to prevent tax evasion by ensuring a comprehensive examination of the transaction. Case-Laws Income Tax Mon, 14 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64175