https://www.taxtmi.com/highlights?id=29046 Taxability of amount withdrawn by the partner from the firm - there was no transfer of assets on extinguishment of right of the assessee partner merely on introduction of new partner in the firm. Accordingly amount withdrawn by the assessee partner was not liable to tax as capital gain - AT en-us Mon, 09 May 2016 00:40:03 +0530 Sun, 08 May 2016 17:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29046 Taxability of amount withdrawn by the partner from the firm - there was no transfer of assets on extinguishment of right of the assessee partner merely on introduction of new partner in the firm. Accordingly amount withdrawn by the assessee partner was not liable to tax as capital gain - AT Highlights Income Tax Mon, 09 May 2016 00:40:03 +0530 https://www.taxtmi.com/highlights?id=29046