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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Genuineness of the existence of partnership – Tribunal rejected ...


High Court Upholds Tribunal's Decision: Payments to Assessees Considered Land Transfer, Not Retirement Benefits.

May 10, 2014

Case Laws     Income Tax     HC

Genuineness of the existence of partnership – Tribunal rejected the claim of the assessees that they received the amounts not as consideration for transfer of their lands but by way of retirement as partners in the firm - order of tribunal sustained - HC

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