https://www.taxtmi.com/caselaws?id=17641 The court held that the capital gains should be treated as long-term capital gains. The Tribunal's decision was affirmed, determining that the property was held by the partners from the time it was brought into the firm. The court answered the question in favor of the partners, with no costs awarded to the Department. en-us Wed, 03 Jul 1996 00:00:00 +0530 Wed, 23 Sep 2009 17:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17641 The court held that the capital gains should be treated as long-term capital gains. The Tribunal's decision was affirmed, determining that the property was held by the partners from the time it was brought into the firm. The court answered the question in favor of the partners, with no costs awarded to the Department. Case-Laws Income Tax Wed, 03 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17641