https://www.taxtmi.com/highlights?id=50613 Transfer of property u/s 2(47) or not - capital gain u/s 45 - The land was transferred by the partners to the firm as capital contribution which was recorded as stock-in-trade in the books of the firm. As such there was no transfer of capital assessee as stock-in-trade in the books of the assessee. en-us Sat, 07 Dec 2019 14:24:02 +0530 Sat, 07 Dec 2019 14:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50613 Transfer of property u/s 2(47) or not - capital gain u/s 45 - The land was transferred by the partners to the firm as capital contribution which was recorded as stock-in-trade in the books of the firm. As such there was no transfer of capital assessee as stock-in-trade in the books of the assessee. Highlights Income Tax Sat, 07 Dec 2019 14:24:02 +0530 https://www.taxtmi.com/highlights?id=50613