Capital Gains Tax

Supreme Court clarifies Capital Gains Tax on Asset Revaluation in Partnership Firms: Commissioner of Income Tax vs. Mansukh Dyeing and Printing Mills (24 November 2022)

/ Capital Gains Tax, Income Tax Act, 1961, Income Tax Act, 1961 with Section 45(4), Judges, M.M. Sundresh, M.R. Shah

Supreme Court on Capital Gains Tax on Revaluation of Assets in Partnership Firms Date of the Judgment: 24 November 2022 Citation: 2022 INSC 1121 Judges: M.R. Shah, J. and M.M. Sundresh, J. Can a partnership firm be taxed for capital gains when its assets are revalued and the increased value is credited to the partners’ […]

Supreme Court clarifies Capital Gains Tax on Asset Revaluation in Partnership Firms: Commissioner of Income Tax vs. Mansukh Dyeing and Printing Mills (24 November 2022) Read Post »

Supreme Court Clarifies Capital Gains Tax on Slump Sale of Business: Commissioner of Income Tax vs. Equinox Solution Pvt. Ltd. (2017)

/ Abhay Manohar Sapre, Capital Gains Tax, Income Tax Act, 1961, Income Tax Act, 1961 with Section 48(2), Income Tax Act, 1961 with Section 50(2), Judges, R.K. Agrawal

Can the sale of an entire running business be treated as a short-term capital gain? The Supreme Court of India addressed this question in a case involving the Income Tax Department and Equinox Solution Pvt. Ltd. The court clarified that the sale of a whole business as a going concern is considered a long-term capital

Supreme Court Clarifies Capital Gains Tax on Slump Sale of Business: Commissioner of Income Tax vs. Equinox Solution Pvt. Ltd. (2017) Read Post »

Scroll to Top