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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

The amount received by the assessee as full and final settlement ...


No Capital Gains Tax on Full Settlement from Firm Dissolution, No Capital Asset Transfer Involved.

February 22, 2018

Case Laws     Income Tax     AT

The amount received by the assessee as full and final settlement on dissolution of firm could not give rise to any capital gain chargeable to tax as there was no transfer of any capital asset - AT

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