INCOME TAX : Where assessee partner contended that reopening notice issued against him on ground that gains arising from transfer of gold by him to partnership firm as capital contribution at market rate was to be taxed under section 45(3) was unjustified as assessee was trading in gold and such gold was his stock-in-trade and not capital asset,INCOME TAX : Where assessee partner contended that reopening notice issued against him on ground that gains arising from transfer of gold by him to partnership firm as capital contribution at market rate was to be taxed under section 45(3) was unjustified as assessee was trading in gold and such gold was his stock-in-trade and not capital asset,www.taxmann.com Latest Case LawsRead More
