https://www.taxtmi.com/caselaws?id=71507 The Tribunal upheld the decision that the assessee was rightly assessed as an Association of Persons (AOP) instead of a registered firm. It clarified that the provisions of Section 45(4) of the Income-tax Act did not entitle the dissolved firm to be treated as a registered firm for tax purposes. The Tribunal emphasized the necessity of complying with procedural requirements for registration and determined that the capital gains were correctly assessed for the relevant assessment year. The appeal was dismissed, affirming the assessment of the assessee as an AOP and the tax treatment of capital gains. en-us Mon, 31 Jul 1995 00:00:00 +0530 Mon, 25 Apr 2011 13:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71507 The Tribunal upheld the decision that the assessee was rightly assessed as an Association of Persons (AOP) instead of a registered firm. It clarified that the provisions of Section 45(4) of the Income-tax Act did not entitle the dissolved firm to be treated as a registered firm for tax purposes. The Tribunal emphasized the necessity of complying with procedural requirements for registration and determined that the capital gains were correctly assessed for the relevant assessment year. The appeal was dismissed, affirming the assessment of the assessee as an AOP and the tax treatment of capital gains. Case-Laws Income Tax Mon, 31 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71507