https://www.taxtmi.com/caselaws?id=69801 The Tribunal dismissed the departmental appeal, affirming that the assets belonged to the partnership and not the individual assessee. The decision aligned with established law, rejecting taxation on the partner for the firm's profits. The appeal was dismissed entirely, with no need to address the asset valuation matter. en-us Thu, 08 Jan 1981 00:00:00 +0530 Tue, 12 Apr 2011 11:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69801 The Tribunal dismissed the departmental appeal, affirming that the assets belonged to the partnership and not the individual assessee. The decision aligned with established law, rejecting taxation on the partner for the firm's profits. The appeal was dismissed entirely, with no need to address the asset valuation matter. Case-Laws Income Tax Thu, 08 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69801