Raja Fertilizers Versus Income-tax Officer - Income Tax - ITAT CHENNAI - Tri - Whether the long term capital gain on sale of property purchased in the name of partner taxable in the hands of assessee The property was reflecting in the books of assessee firm as assets Held that - The property was not owned by the assessee-firm - The registered deed always showed that the property was purchased, held and sold by Shri Irudayaraj as the sole owner of the property - The ownership of the property ................................... Income Tax - Case Laws
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