https://www.taxtmi.com/caselaws?id=71409 The Tribunal upheld the order of the AAC, determining that the entire consideration of Rs. 1 lakh was for the transfer of business assets, resulting in short-term capital gains. The appeal was dismissed, affirming the taxability of the capital gains arising from the transaction. en-us Tue, 26 Mar 1985 00:00:00 +0530 Sat, 23 Apr 2011 12:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71409 The Tribunal upheld the order of the AAC, determining that the entire consideration of Rs. 1 lakh was for the transfer of business assets, resulting in short-term capital gains. The appeal was dismissed, affirming the taxability of the capital gains arising from the transaction. Case-Laws Income Tax Tue, 26 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71409