https://www.taxtmi.com/caselaws?id=18005 The Court held that the transfer of property by the assessee to the partnership firm constituted a transfer for the purpose of capital gains tax. Despite arguments on the nature of partnership transactions, the Court found the tax applicable due to the actual gain in the transaction. The decision favored the Department, concluding that the sale deed constituted a transfer subject to capital gains tax under section 45 of the Income-tax Act, 1961. en-us Mon, 11 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 11:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18005 The Court held that the transfer of property by the assessee to the partnership firm constituted a transfer for the purpose of capital gains tax. Despite arguments on the nature of partnership transactions, the Court found the tax applicable due to the actual gain in the transaction. The decision favored the Department, concluding that the sale deed constituted a transfer subject to capital gains tax under section 45 of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 11 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18005