High Court Rules No Capital Gains Tax on Land, Shares, Securities Contributed to Partnership Firm as Capital Assets.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....There was a transfer of capital asset when the applicant assessee made its capital contribution in the form of land, shares and securities to the partnership firm - however demand of tax as capital gains set aside - HC....