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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Dissolution of partnership - taxability of sum received by a ...


Partner Share on Dissolution Not Taxed as Transfer, Aligns with Case Law Principles on Asset Distribution.

June 30, 2012

Case Laws     Income Tax     HC

Dissolution of partnership - taxability of sum received by a partner - Any amount paid to a partner as his share on dissolution of the partnership firm cannot be regarded as transfer - HC

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