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Sum received by partners towards their share in assets on retirement from firm is not liable to capital gain tax

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  • Sum received by partners towards their share in assets on retirement from firm is not liable to capital gain tax
Posted onon June 10, 2019

Tenet Tax Daily June 08 2019

By tenettax-team
Corporate Tax

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Section 54 exemption not to be denied if delay in getting possession is on account of builder
Ceasing of liability of shipping agent to pay port storage rent back to customer – Sec. 41(1) additions justified

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