Case Law Details
Case Name : ITO Vs Mahabir Solvent Oil (ITAT Delhi)
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Delhi
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ITO Vs Mahabir Solvent Oil (ITAT Delhi)
LTCG on Alleged Firm Dissolution Requires Fresh Verification – ITAT Delhi Remands Matter to CIT(A)
The Delhi Bench of the ITAT set aside the order of the CIT(A), Karnal, and remanded the matter for fresh adjudication in a case involving alleged long-term capital gains arising from change in constitution of a partnership firm for AY 2008-09. The AO had treated the conversion of a partnership firm into a proprietorship conce
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