Meaning of Tranfer u/s 2(47) ::
Last updated: 12 September 2007
Court :
HC
Brief :
Held by hon"ble court that aforesaid transaction means reliniquishment of a right in property which is transfer as defined in section 2(47). Thus the transaction was liable to capital gains tax.
Citation :
C.I.T Vs. Smt. Laxmidevi Ratani
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CA.Saibaburao Nanduri
Published in Income Tax
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