https://www.taxtmi.com/caselaws?id=427414 The court remanded the case for reconsideration by the ITAT on various issues, including the validity of the notice under Section 148 of the Act, the transfer of assets under Sections 45(1) or 45(4) of the Act, issuance of notice to a partnership firm that ceased to exist, applicability of Section 45(4) regarding assets allotted to partners, computation of capital gains, assessment of the firm post-cessation, and correctness of the value adopted by the Assessing Officer. The appellant's appeal was allowed, and the matter was sent back for further assessment, preserving the right to challenge legal questions. en-us Tue, 19 Jul 2022 00:00:00 +0530 Thu, 08 Sep 2022 07:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427414 The court remanded the case for reconsideration by the ITAT on various issues, including the validity of the notice under Section 148 of the Act, the transfer of assets under Sections 45(1) or 45(4) of the Act, issuance of notice to a partnership firm that ceased to exist, applicability of Section 45(4) regarding assets allotted to partners, computation of capital gains, assessment of the firm post-cessation, and correctness of the value adopted by the Assessing Officer. The appellant's appeal was allowed, and the matter was sent back for further assessment, preserving the right to challenge legal questions. Case-Laws Income Tax Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427414