https://www.taxtmi.com/caselaws?id=188341 The Tribunal upheld the CIT(A)'s decision, emphasizing the non-applicability of section 45(4) of the Income Tax Act for A.Y. 2010-11 due to the absence of partner retirement and the retention of leasehold rights by the firm. The judgment highlights the importance of considering legal provisions and factual circumstances in determining the tax treatment of transactions involving capital assets and partnership changes. en-us Wed, 16 Mar 2016 00:00:00 +0530 Mon, 08 Aug 2022 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188341 The Tribunal upheld the CIT(A)'s decision, emphasizing the non-applicability of section 45(4) of the Income Tax Act for A.Y. 2010-11 due to the absence of partner retirement and the retention of leasehold rights by the firm. The judgment highlights the importance of considering legal provisions and factual circumstances in determining the tax treatment of transactions involving capital assets and partnership changes. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188341