No transfer u/s 2(47) of Income Tax If assessee himself did not hold valid title of Capital Asset: ITAT

No transfer u/s 2(47) of Income Tax If assessee himself did not hold valid title of Capital Asset: ITAT The assessee is engaged in the business of Flour Mill and derived income there from and filed its return declaring total income of Rs.36,000. Thereafter, notice under section.142(1) was issued and necessary information/ documentation were called … Read more