https://www.taxtmi.com/caselaws?id=19596 The High Court determined that the contribution of land to a partnership firm did not result in taxable capital gains for the assessee, despite being considered a transfer within the Income-tax Act. The court emphasized the need to address only the questions raised before the Tribunal and rejected new issues introduced by the Revenue. Citing precedent and a similar decision by another High Court, the court ruled in favor of the assessee, highlighting the importance of adhering to the original matters at hand in legal proceedings. en-us Wed, 18 May 1994 00:00:00 +0530 Sat, 07 Nov 2009 12:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19596 The High Court determined that the contribution of land to a partnership firm did not result in taxable capital gains for the assessee, despite being considered a transfer within the Income-tax Act. The court emphasized the need to address only the questions raised before the Tribunal and rejected new issues introduced by the Revenue. Citing precedent and a similar decision by another High Court, the court ruled in favor of the assessee, highlighting the importance of adhering to the original matters at hand in legal proceedings. Case-Laws Income Tax Wed, 18 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19596