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Vivek Industries vs ITO (ITAT Visakhapatnam)Capital Gains – Assessment in Hands of the “Right Person”
A partnership firm’s ownership and tax liability continue until it is legally dissolved. The sale of a firm’s property must be taxed in the firm’s hands, not in the hands of its partners, even if the business has been discontinued.
Mayur Bhadani
Dec 11, 20253 min read
Assessee would not gain anything by not filing the appeals in time, therefore we condone delay: ITAT
#ITAT #update #Incometax ITA.No.201 to 203/Ahd/2020 Shardaben Shankerji Thakore Vs ITO, Ward-3(3)(5) (Applicant) ...
Mayur Bhadani
Jun 30, 20215 min read
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