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2009 (12) TMI 371 - KARNATAKA HIGH COURTCapital gain-Transfer- The assessee is a partnership firm. On account of the dissolution the assets of the firm are distributed among its partners. The Assessing officer calculate the capital gain. Commissioner (Appeals) confirm the findings of the Assessing Officer. Tribunal also held that assessee liable to pay capital gain. Held that- the question of quantification not raised before the Tribunal thus the appeal has been dismissed.
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