Case Law Details
Case Name : DLF Universal Ltd. Vs. DCIT (ITAT Delhi)
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
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RELEVANT PARAGRAPH
16.48.1 There is no dispute to the position that the profits or gains or benefits arising to the assessee from said transaction in question has been assessed under the head “business” by the AO in the light of the view that stock in trade was sold or transferred by the assessee company to a firm at an appreciated price. It was the claim of the assessee itself that the stock in trade held by it was contributed to a firm in which the
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