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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Capital gain u/s 45 - Transfer of assets from partnership firm ...


High Court Rules Asset Transfer from Partnership to Private Company Exempt from Capital Gains u/s 45(4.

October 22, 2014

Case Laws     Income Tax     HC

Capital gain u/s 45 - Transfer of assets from partnership firm to Private limited company – section 45(4) is not attracted as the very first condition of transfer by way of distribution of capital assets is not satisfied - HC

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