Landmark case · Law of Taxation · Semester 6
K.P. Varghese v. ITO
(1981) 4 SCC 173 · Supreme Court of India
Consideration stated in a transfer cannot be rewritten for capital-gains computation without proof of concealment.
From topic
Profits of business, capital gains and other sources — Unit II, Law of Taxation.
Related sections:
- Income-tax Act, 1961, 28 — Profits and gains of business or profession
- Income-tax Act, 1961, 45 — Capital gains
- Income-tax Act, 1961, 48 — Mode of computation of capital gains
- Income-tax Act, 1961, 56 — Income from other sources