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1982 (3) TMI 85 - ITAT AHMEDABAD-BExtract: .......is not a case of a partner taking over the assets of the firm on its dissolution. From this, it follows that the assessee-firm realised capital gains of Rs. 55,800 on the sale of tenancy rights and it is correctly held by the AAC that the amount is liable to tax as such in the hands of the firm. 6. The appeal of the assessee fails and is dismissed.
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