Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Admission <strong>of</strong> a new<br />
partner<br />
• Firm possessing capital asset<br />
• A new partner is admitted<br />
• Whether there is any capital gain<br />
• Held, yes<br />
• CIT v. Bhanodya Ind. (2002) 253 ITR 350<br />
(AP)