https://www.taxtmi.com/caselaws?id=371448 The High Court held that the assessee firm was reconstituted, not dissolved, on 31st March 2002, and continued its business. Therefore, there was no liability for capital gains tax for the Assessment Year 2002-03. The High Court restored the CIT(A)'s order, ruling in favor of the assessee and allowing the appeal with no costs imposed. en-us Fri, 16 Nov 2018 00:00:00 +0530 Sat, 29 Dec 2018 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371448 The High Court held that the assessee firm was reconstituted, not dissolved, on 31st March 2002, and continued its business. Therefore, there was no liability for capital gains tax for the Assessment Year 2002-03. The High Court restored the CIT(A)'s order, ruling in favor of the assessee and allowing the appeal with no costs imposed. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371448