https://www.taxtmi.com/caselaws?id=206101 The High Court dismissed the tax case appeal, affirming that the property held by the appellant, HUF, was an investment and not a business asset. The court found that the property was not treated as stock in trade, and its character of holding remained as an investment even after the dissolution of the partnership. en-us Mon, 08 Aug 2011 00:00:00 +0530 Tue, 11 Oct 2011 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206101 The High Court dismissed the tax case appeal, affirming that the property held by the appellant, HUF, was an investment and not a business asset. The court found that the property was not treated as stock in trade, and its character of holding remained as an investment even after the dissolution of the partnership. Case-Laws Income Tax Mon, 08 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206101