https://www.taxtmi.com/caselaws?id=11530 The court ruled in favor of the assessee and the Department in part. It held that capital gains should be assessed in the hands of the firm, not the individual partners. Income earned by AOPs-13 for a specific period was to be assessed in the hands of AOPs-13. The Vice-President's directions on capital gains computation were deemed erroneous. en-us Thu, 19 Dec 2002 00:00:00 +0530 Thu, 14 Jan 2010 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11530 The court ruled in favor of the assessee and the Department in part. It held that capital gains should be assessed in the hands of the firm, not the individual partners. Income earned by AOPs-13 for a specific period was to be assessed in the hands of AOPs-13. The Vice-President's directions on capital gains computation were deemed erroneous. Case-Laws Income Tax Thu, 19 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11530