https://www.taxtmi.com/caselaws?id=374830 The Court upheld the Assessing Officer's decision not to tax retirement amounts received by the Respondent from two partnership firms as capital gains, in accordance with Supreme Court decisions and precedents. The Court found the Assessing Officer's decision valid, emphasizing that there was no transfer of a capital asset and dismissing the Revenue's argument for taxability. The appeal was dismissed, with the Court concluding that no substantial question of law arose, and no costs were awarded. en-us Thu, 31 Jan 2019 00:00:00 +0530 Mon, 11 Feb 2019 08:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374830 The Court upheld the Assessing Officer's decision not to tax retirement amounts received by the Respondent from two partnership firms as capital gains, in accordance with Supreme Court decisions and precedents. The Court found the Assessing Officer's decision valid, emphasizing that there was no transfer of a capital asset and dismissing the Revenue's argument for taxability. The appeal was dismissed, with the Court concluding that no substantial question of law arose, and no costs were awarded. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374830