https://www.taxtmi.com/caselaws?id=28426 The court ruled against the assessee in a case involving the entitlement to add extra payment made to the estate of a deceased partner to the original cost of shares for capital gains computation. It held that the partnership firm does not acquire additional interest in assets upon the death of a partner, and the payment to the deceased partner's estate does not affect the original cost of shares. The court concluded that the extra payment cannot be added to the original cost for computing capital gains, ordering the assessee to pay the costs of the reference. en-us Mon, 05 Jul 1982 00:00:00 +0530 Mon, 22 Feb 2010 13:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28426 The court ruled against the assessee in a case involving the entitlement to add extra payment made to the estate of a deceased partner to the original cost of shares for capital gains computation. It held that the partnership firm does not acquire additional interest in assets upon the death of a partner, and the payment to the deceased partner's estate does not affect the original cost of shares. The court concluded that the extra payment cannot be added to the original cost for computing capital gains, ordering the assessee to pay the costs of the reference. Case-Laws Income Tax Mon, 05 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28426