"Sold or otherwise transferred" in s 34(3)(b) of the Income-tax Act, 1961.

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....n the dissolution of a firm and formation of a new firm in its place, the benefit of development rebate allowed to the earlier firm is liable to be withdrawn as the case would be covered by the expression "sold or otherwise transferred" occurring in Section 34(3)(b) of the Income-tax Act, 1961. 2. The above instructions have been re-examined in the context of judicial pronouncements. The Board is....