Valuation of a partner's right to share the profits of the firm without the right to share the assets

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..... to share the profits of the firm without the right to share the assets Circular No. 219 Dated 30/5/1977 To All Commissioners of Income-tax/ Commissioners of .....

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..... he right to share the assets shall be calculated in the manner specified in the annexure to this Circular. Yours faithfully, (Sd.) D.B. Ahuja, DIRECTOR, CENTRAL BOARD OF DIRECT TAXES. - Circ .....

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