https://www.taxtmi.com/highlights?id=57920 Capital receipt chargeable to tax u/s.45 - claim of exemption u/s.10(2A) - amount received by the assessee partner from the partnership firm - There was no transfer of relinquishment of rights in favour of the continuing partners. We find that in the instant case the firm i.e. Pranik Landmark Associates had only paid the amounts lying to the credit of the partner i.e. the assessee and had not paid even a penny more than the amount lying in the credit of the partner’s current account - AT en-us Tue, 11 May 2021 15:32:15 +0530 Tue, 11 May 2021 15:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57920 Capital receipt chargeable to tax u/s.45 - claim of exemption u/s.10(2A) - amount received by the assessee partner from the partnership firm - There was no transfer of relinquishment of rights in favour of the continuing partners. We find that in the instant case the firm i.e. Pranik Landmark Associates had only paid the amounts lying to the credit of the partner i.e. the assessee and had not paid even a penny more than the amount lying in the credit of the partner’s current account - AT Highlights Income Tax Tue, 11 May 2021 15:32:15 +0530 https://www.taxtmi.com/highlights?id=57920