https://www.taxtmi.com/caselaws?id=55250 The Tribunal upheld the decision that the transaction did not constitute a transfer under Section 2(47) of the Income Tax Act. It was found that the provisions of Section 45(2) and Section 45(3) were not applicable, leading to the dismissal of the Revenue's appeal and no tax on capital gains being levied for the relevant assessment year. en-us Wed, 19 Jul 1995 00:00:00 +0530 Wed, 24 Nov 2010 18:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55250 The Tribunal upheld the decision that the transaction did not constitute a transfer under Section 2(47) of the Income Tax Act. It was found that the provisions of Section 45(2) and Section 45(3) were not applicable, leading to the dismissal of the Revenue's appeal and no tax on capital gains being levied for the relevant assessment year. Case-Laws Income Tax Wed, 19 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55250