The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the amount paid to partner upon retirement towards his share in assets not liable to capital gain. The assessee, Dr. Vithal V. Kamat, became a partner in the partnership firm called M/s. Sports Field Construction vide deed of partnership. The details of other partners who […]from Taxscan | Simplifying Tax Laws https://ift.tt/3pKindx
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