Addition u/s 45(4) on account of revaluation of assets - ...

Section 45(4) of Income Tax Act: Asset Revaluation and Capital Credit to Partners Not Subject to Capital Gains Tax.

July 5, 2021

Case Laws Income Tax AT

Addition u/s 45(4) on account of revaluation of assets - distribution of the revaluation amount to the partners capital accounts during the continuation of the firm - the revaluation of the assets of the firm and crediting of the capital accounts of the partners could not have been brought within the meaning of Sec. 45(4) of the Act. - AT

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Addition u/s 45(4) on account of revaluation of assets - ...

Section 45(4) of Income Tax Act: Asset Revaluation and Capital Credit to Partners Not Subject to Capital Gains Tax.

July 5, 2021

Case Laws Income Tax AT

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