https://www.taxtmi.com/caselaws?id=14418 The High Court upheld the Tribunal's decision regarding the treatment and valuation of office premises during the dissolution of a partnership firm. The court emphasized the importance of valuing assets at fair value, disregarding contrary agreements that do not reflect fair value. Precedents were cited to support the principle of fair valuation for both stock-in-trade and capital assets. The court dismissed the appeal, highlighting the need for thorough assessment to ensure fair valuation of assets during dissolution. en-us Mon, 28 Feb 2000 00:00:00 +0530 Wed, 15 Jul 2009 16:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14418 The High Court upheld the Tribunal's decision regarding the treatment and valuation of office premises during the dissolution of a partnership firm. The court emphasized the importance of valuing assets at fair value, disregarding contrary agreements that do not reflect fair value. Precedents were cited to support the principle of fair valuation for both stock-in-trade and capital assets. The court dismissed the appeal, highlighting the need for thorough assessment to ensure fair valuation of assets during dissolution. Case-Laws Income Tax Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14418