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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Capital gain - partnership firm - conversion from investment ...

Income Tax

May 8, 2017

Capital gain - partnership firm - conversion from investment into stock in trade of shareholding - Firm transferred the shares as loss to partners and adjusted its profit - partners transferred the shares at profit and adjusted against their loss - tax avoidance or not - No additions - Section 45(4) is not attracted - HC

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