https://www.taxtmi.com/caselaws?id=58271 The Appellate Tribunal ruled in favor of the Revenue, holding that the transfer of shares by an individual to a partnership firm as capital contribution constitutes a 'transfer' under section 2(47) of the Income-tax Act, resulting in capital gains. Additionally, the Tribunal affirmed the inclusion of the share of loss of the assessee's wife from the firm in the calculation of the assessee's total income, partially allowing the Revenue's appeal. en-us Thu, 27 Dec 1984 00:00:00 +0530 Sat, 18 Dec 2010 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58271 The Appellate Tribunal ruled in favor of the Revenue, holding that the transfer of shares by an individual to a partnership firm as capital contribution constitutes a 'transfer' under section 2(47) of the Income-tax Act, resulting in capital gains. Additionally, the Tribunal affirmed the inclusion of the share of loss of the assessee's wife from the firm in the calculation of the assessee's total income, partially allowing the Revenue's appeal. Case-Laws Income Tax Thu, 27 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58271