Tag: CIT v. Dynamic Enterprises (2013) 359 ITR 83 (Karn) : 2014 TaxPub(DT) 2363 (Karn-HC)

Tax liability on Revaluation of firm assets and payment of enhanced value of asset     An overview: -         The assessee, in the present case was a partnership firm. Assessee-firm purchased a property for a consideration of Rs. 6.5 crores. -         After arriving at a settlement ...