https://www.taxtmi.com/caselaws?id=182058 Assessment framed in the name of a partnership firm after its conversion into a company under Part IX was void because the firm had ceased to exist; the defect went to jurisdiction, so the assessment was quashed. Capital gains could not be taxed under section 2(47)(v) read with section 53A because the material did not show completed delivery of possession, effective part performance, or the transferee's readiness and willingness to perform; no transfer in law or fact was established, so the addition failed. The ancillary guideline value issue did not survive. en-us Fri, 22 Oct 2010 00:00:00 +0530 Sat, 30 Apr 2016 17:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182058 Assessment framed in the name of a partnership firm after its conversion into a company under Part IX was void because the firm had ceased to exist; the defect went to jurisdiction, so the assessment was quashed. Capital gains could not be taxed under section 2(47)(v) read with section 53A because the material did not show completed delivery of possession, effective part performance, or the transferee's readiness and willingness to perform; no transfer in law or fact was established, so the addition failed. The ancillary guideline value issue did not survive. Case-Laws Income Tax Fri, 22 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182058