https://www.taxtmi.com/caselaws?id=327492 The Tribunal found that the addition of Rs. 14 crores made under the head of capital gain was incorrect and ordered its deletion. The High Court upheld this decision, stating that the inability to assess the AOP for tax at a specific time does not justify taxing a member of the AOP when it dissolves and distributes properties. The appeal was dismissed, with no substantial question of law identified for consideration. en-us Wed, 02 Mar 2016 00:00:00 +0530 Tue, 10 May 2016 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327492 The Tribunal found that the addition of Rs. 14 crores made under the head of capital gain was incorrect and ordered its deletion. The High Court upheld this decision, stating that the inability to assess the AOP for tax at a specific time does not justify taxing a member of the AOP when it dissolves and distributes properties. The appeal was dismissed, with no substantial question of law identified for consideration. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327492