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1986 (10) TMI 51 - ITAT AHMEDABAD-BExtract: .......the firm by a partner of course the condition, inter alia, is that there must be a sale or the asset must be sold . We have already pointed out earlier that on facts of the case ingredients of sale are present in the transaction and, therefore, in light of the above discussion we uphold the decision of the authorities below and dismiss this appeal.
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