https://www.taxtmi.com/caselaws?id=57715 The appeal against the deletion of capital gains was dismissed, affirming that no capital gains were involved in the partner's retirement transaction due to the absence of any relinquishment of rights. The court emphasized that the retirement payment was based on the partner's entitlement and did not constitute a transfer under the IT Act. The decision aligned with previous rulings highlighting that retirement payments reflecting the partner's rightful share without additional consideration do not trigger capital gains. en-us Tue, 11 Dec 1984 00:00:00 +0530 Mon, 13 Dec 2010 11:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57715 The appeal against the deletion of capital gains was dismissed, affirming that no capital gains were involved in the partner's retirement transaction due to the absence of any relinquishment of rights. The court emphasized that the retirement payment was based on the partner's entitlement and did not constitute a transfer under the IT Act. The decision aligned with previous rulings highlighting that retirement payments reflecting the partner's rightful share without additional consideration do not trigger capital gains. Case-Laws Income Tax Tue, 11 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57715