High Court Rules Partnership Reconstitution Isn't a Transfer u/s 2(47) of the Income Tax Act; No Tax Implications.

High Court Rules Partnership Reconstitution Isn't a Transfer u/s 2(47) of the Income Tax Act; No Tax Implications. https://www.taxtmi.com/highlights?id=3852 Reconstitution of firm - relinquishment of right and interest in the erstwhile firm - transfer u/s 2(47) - admission of the new partners - No transfer - HC en-us Sat, 26 May 2012 10:05:11 +0530 Sat, 26 May 2012 10:05:11 +0530 TaxTMI RSS Generator High Court Rules Partnership Reconstitution Isn't a Transfer u/s 2(47) of the Income Tax Act; No Tax Implications. https://www.taxtmi.com/highlights?id=3852 Reconstitution of firm - relinquishment of right and interest in the erstwhile firm - transfer u/s 2(47) - admission of the new partners - No transfer - HC Highlights Income Tax Sat, 26 May 2012 10:05:11 +0530 https://www.taxtmi.com/highlights?id=3852