Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Section 45 (4)<br />
• Whether transfer <br />
• Whether retirement <strong>of</strong> a partner<br />
covered <br />
• Held, Yes<br />
CIT v. A.N. Naik Associates (2004)<br />
265 ITR 346 (Bom(<br />
Bom.)<br />
• Similar circumstances: Held, No<br />
CIT v. Machines & Mopeds (2005) 281<br />
ITR 52 (M.P.)