https://www.taxtmi.com/caselaws?id=62363 The Tribunal ruled in favor of the assessee firm, finding no dissolution of the partnership despite the exit of a partner as per the original partnership deed. It concluded that there was no actual distribution of assets among partners and no transfer of goodwill to the expelled partner. Consequently, the Tribunal deleted the capital gains assessment, affirming the business's uninterrupted continuity post the partner's departure. en-us Fri, 12 Jun 2009 00:00:00 +0530 Tue, 05 Nov 2013 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62363 The Tribunal ruled in favor of the assessee firm, finding no dissolution of the partnership despite the exit of a partner as per the original partnership deed. It concluded that there was no actual distribution of assets among partners and no transfer of goodwill to the expelled partner. Consequently, the Tribunal deleted the capital gains assessment, affirming the business's uninterrupted continuity post the partner's departure. Case-Laws Income Tax Fri, 12 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62363