https://www.taxtmi.com/highlights?id=45931 Taxability of capital gain in firm - revaluation of asset being land held by the partnership firm - money equivalent paid to retiring partners to enhanced portion of the assets re-valued does not constitute capital asset within the meaning of section 2(14) - There was also no transfer of capital asset by way of distribution of capital asset either on dissolution or otherwise within the meaning of section 45(4) r.w.s 2(14) en-us Wed, 17 Apr 2019 10:45:48 +0530 Wed, 17 Apr 2019 10:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45931 Taxability of capital gain in firm - revaluation of asset being land held by the partnership firm - money equivalent paid to retiring partners to enhanced portion of the assets re-valued does not constitute capital asset within the meaning of section 2(14) - There was also no transfer of capital asset by way of distribution of capital asset either on dissolution or otherwise within the meaning of section 45(4) r.w.s 2(14) Highlights Income Tax Wed, 17 Apr 2019 10:45:48 +0530 https://www.taxtmi.com/highlights?id=45931