Dispute around levy of capital gains tax on the assets/sums received by partners at the time of their retirement has been a subject matter of tax litigation for several decades. There are various judgements of the Hon’ble Courts both in favor and against as regards taxation of the amount received by the partners on their retirement.Dispute around levy of capital gains tax on the assets/sums received by partners at the time of their retirement has been a subject matter of tax litigation for several decades. There are various judgements of the Hon’ble Courts both in favor and against as regards taxation of the amount received by the partners on their retirement.taxmann.com Latest ArticlesRead More
