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Income tax

This query is : Resolved 
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(Querist)
11 September 2012 Dear Expert,

Our company in logistics but now company wants fund in that case company can sale own office to managing director, and yes then income tax liability bear on company or Managing Director who will bear.

can we do the same as above.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 September 2012 Short term Capital gain shall arise on the sale of the building. The same shall be taxable in the hands of the company.
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