Monday, June 10, 2019

Allotment of share in assets to retiring partner doesn't amount to transfer for capital gain purpose

IT : On retirement, allotment to retiring partner of his share in assets of partnership firm after deduction of liabilities is not transfer within meaning of section 2(47) so as to assess capital gains under section 45(4)

from www.taxmann.com Latest Case Laws http://bit.ly/2I6MKHa
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