https://www.taxtmi.com/caselaws?id=12488 The court held that the excess amount received by the partner on the dissolution of the firm was taxable as capital gain. The court emphasized the distinction between retirement and dissolution in partnership firms for tax purposes, citing relevant precedents. The judgment favored the Revenue, confirming the taxability of the excess amount as capital gain, regardless of whether the deed was construed as a retirement or dissolution. en-us Fri, 21 Dec 2001 00:00:00 +0530 Tue, 02 Mar 2010 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12488 The court held that the excess amount received by the partner on the dissolution of the firm was taxable as capital gain. The court emphasized the distinction between retirement and dissolution in partnership firms for tax purposes, citing relevant precedents. The judgment favored the Revenue, confirming the taxability of the excess amount as capital gain, regardless of whether the deed was construed as a retirement or dissolution. Case-Laws Income Tax Fri, 21 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12488