https://www.taxtmi.com/caselaws?id=348470 The Tribunal concluded that the addition of Rs. 13,82,94,326 in the hands of the assessee was not justified as the dissolution of the firm was genuine and the income from the sale was rightly declared by M/s. Vascon Engineers Ltd. The Tribunal deleted the addition made in the hands of the assessee and allowed the appeal partly, emphasizing the principle that the substance of the transaction should prevail over the form, and due taxes had already been paid on the transaction by M/s. Vascon Engineers Ltd. en-us Mon, 18 Sep 2017 00:00:00 +0530 Fri, 22 Sep 2017 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348470 The Tribunal concluded that the addition of Rs. 13,82,94,326 in the hands of the assessee was not justified as the dissolution of the firm was genuine and the income from the sale was rightly declared by M/s. Vascon Engineers Ltd. The Tribunal deleted the addition made in the hands of the assessee and allowed the appeal partly, emphasizing the principle that the substance of the transaction should prevail over the form, and due taxes had already been paid on the transaction by M/s. Vascon Engineers Ltd. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348470