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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Partnership firm has been converted into company - no ...


Conversion of Partnership to Company Without Dissolution: No Capital Gain Under Income Tax Act Section 45(4) Applies.

June 28, 2012

Case Laws     Income Tax     HC

Partnership firm has been converted into company - no dissolution of the erstwhile firm and the company has been formed with the same partners as its shareholders - no capital gain under section 45(4) - HC

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