https://www.taxtmi.com/caselaws?id=66244 The ITAT ruled in favor of the assessee, determining that the Rs. 1.82 crores received was not subject to capital gains tax under section 45 read with section 2(47) of the Income-tax Act. It concluded that the amount represented the assessee's share in the partnership assets upon dissolution, not a taxable transfer. en-us Fri, 29 Oct 2004 00:00:00 +0530 Mon, 24 Jun 2024 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66244 The ITAT ruled in favor of the assessee, determining that the Rs. 1.82 crores received was not subject to capital gains tax under section 45 read with section 2(47) of the Income-tax Act. It concluded that the amount represented the assessee's share in the partnership assets upon dissolution, not a taxable transfer. Case-Laws Income Tax Fri, 29 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66244