https://www.taxtmi.com/caselaws?id=210841 The High Court upheld the ITAT's decision to treat the appellant firm as an AOP due to the lack of evidence supporting the existence of a genuine partnership. The court also upheld the Tribunal's decision that the distribution of assets on dissolution did not attract capital gains, setting aside the protective assessment on A.R.Srinivasan (HUF) and A.R.Srinivasan (individual). The issue of cash credits was remanded to the Tribunal for fresh consideration. en-us Tue, 27 Sep 2011 00:00:00 +0530 Fri, 28 Jun 2013 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210841 The High Court upheld the ITAT's decision to treat the appellant firm as an AOP due to the lack of evidence supporting the existence of a genuine partnership. The court also upheld the Tribunal's decision that the distribution of assets on dissolution did not attract capital gains, setting aside the protective assessment on A.R.Srinivasan (HUF) and A.R.Srinivasan (individual). The issue of cash credits was remanded to the Tribunal for fresh consideration. Case-Laws Income Tax Tue, 27 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210841