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Capital Gains Tax on Transfer of Depreciable Assets Without Asset Distribution Post-Partnership Firm reconstitution

CA Sandeep Kanoi 10 Jul 2024 468 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : PVR Tourist Home Vs CIT (Kerala High Court)

Appeal Number : ITA No. 203 of 2019

Date of Judgement/Order : 01/07/2024

Related Assessment Year : 2012-13

Courts : All High Courts Kerala High Court

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PVR Tourist Home Vs CIT (Kerala High Court)

The Kerala High Court recently delivered a significant judgment in the case of PVR Tourist Home Vs CIT, addressing the applicability of capital gains tax on the transfer of depreciable assets. This ruling provides clarity on the interpretation of Sections 45(4) and 50 of the Income Tax Act, 19

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Name: CA Sandeep Kanoi

Qualification: CA in Job / Business

Company: Taxguru Consultancy / Taxguru Edu

Location: Mumbai, Maharashtra, India

Member Since: 27 Feb 2017 | Total Posts: 4373

A Blogger by Passion and a Chartered Accountant by Profession. View Full Profile

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