https://www.taxtmi.com/caselaws?id=59094 The Tribunal determined that there was a dissolution, not retirement, of the partnership firm. The amounts received by the assessee were considered as the value of his share in the partnership firm upon distribution of capital assets, falling within section 47(ii) and thus not taxable. The appeal succeeded, directing the ITO to exclude the disputed amounts from the assessee's taxable income during assessment. en-us Fri, 26 Aug 1983 00:00:00 +0530 Thu, 23 Dec 2010 18:43:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59094 The Tribunal determined that there was a dissolution, not retirement, of the partnership firm. The amounts received by the assessee were considered as the value of his share in the partnership firm upon distribution of capital assets, falling within section 47(ii) and thus not taxable. The appeal succeeded, directing the ITO to exclude the disputed amounts from the assessee's taxable income during assessment. Case-Laws Income Tax Fri, 26 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59094