https://www.taxtmi.com/caselaws?id=18703 The High Court of Andhra Pradesh addressed an income-tax case involving the transfer of personal assets to evade tax on capital gains. The court emphasized the need to consider various factors to determine the legitimacy of the transfer and directed the Tribunal to refer legal questions raised by the Revenue for the court's opinion. The judgment favored the Revenue, highlighting the importance of establishing the genuineness of asset transfers to prevent tax evasion. en-us Mon, 18 Sep 1995 00:00:00 +0530 Sat, 31 Oct 2009 13:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18703 The High Court of Andhra Pradesh addressed an income-tax case involving the transfer of personal assets to evade tax on capital gains. The court emphasized the need to consider various factors to determine the legitimacy of the transfer and directed the Tribunal to refer legal questions raised by the Revenue for the court's opinion. The judgment favored the Revenue, highlighting the importance of establishing the genuineness of asset transfers to prevent tax evasion. Case-Laws Income Tax Mon, 18 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18703