https://www.taxtmi.com/caselaws?id=188314 The Tribunal upheld the decision that section 45(4) of the IT Act was not attracted as there was no distribution of any capital asset in specie to the partners. The appeal by the revenue was dismissed, and no costs were awarded. en-us Fri, 20 Nov 2009 00:00:00 +0530 Fri, 25 Nov 2016 15:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188314 The Tribunal upheld the decision that section 45(4) of the IT Act was not attracted as there was no distribution of any capital asset in specie to the partners. The appeal by the revenue was dismissed, and no costs were awarded. Case-Laws Income Tax Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188314