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2018 (2) TMI 1368 - AT - Income TaxAddition on share of goodwill received by the assessee on his retirement from the partnership firm - Held that:- There was no transfer of any asset or goodwill by the assessee on his retirement to the partnership firm. The amount received by the assessee as full and final settlement on dissolution of firm could not give rise to any capital gain chargeable to tax as there was no transfer of any capital asset. See case of Ajay Kumar Doshi [2015 (12) TMI 1750 - ITAT KOLKATA]- Decided in favour of assessee.
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