Case Law Details
Case Name : CIT Vs C. Ramaiah Reddy (Karntaka High Court)
Appeal Number : ITA No. 318 of 2012
Date of Judgement/Order : 25/06/2020
Related Assessment Year : 2006-07
Courts :
All High Courts Karnataka High Court
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CIT Vs C. Ramaiah Reddy (Karntaka High Court)
The issue under consideration is whether land held as stock, transferred upon HUF-partition, tantamount to conversion into ‘capital asset’ for the purpose of imposing a capital gain tax?
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