https://www.taxtmi.com/caselaws?id=249962 The court ruled against the applicant on all three issues, affirming the legitimacy of the partnership for business purposes and the classification of immovable properties as stock in trade. The judgment emphasized the legal principles governing the valuation of assets in the context of firm dissolution and the importance of market value considerations in such scenarios. en-us Wed, 09 Jul 2014 00:00:00 +0530 Fri, 20 Feb 2015 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249962 The court ruled against the applicant on all three issues, affirming the legitimacy of the partnership for business purposes and the classification of immovable properties as stock in trade. The judgment emphasized the legal principles governing the valuation of assets in the context of firm dissolution and the importance of market value considerations in such scenarios. Case-Laws Income Tax Wed, 09 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249962