Section 45(4) Of Income Tax Act Applicable To Cases Of Subsisting Partners Of A Partnership Transferring The Assets In Favour Of A Retiring Partner: Supreme Court

IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

M.R. SHAH; J., M.M. SUNDRESH; J.

CIVIL APPEAL NO. 8258 & 8259 OF 2022; NOVEMBER 24, 2022 The Commissioner of Income Tax – 23 versus M/s. Mansukh Dyeing and Printing Mills

Income Tax Act, 1961; Section 45(4) – Section 45(4) applicable to not only the cases of dissolution but also cases of subsisting partners of a partnership, transferring the assets in favour of a retiring partner.

For Appellant(s) Mr. Rupesh Kumar, Adv. Mr. Raj Bahadur Yadav, AOR

For Respondent(s) Mr. Kaustubh Shukla, Adv. Ms. Nancy Shamim Adv Lakshmeesh S Kamat Adv Ms. Isha Vatsa Adv Mr. Parijat Kishore Adv Mr. Rahul Shyam Bhandari Adv Mr. Konark Tyagi Adv Mr. Ankur Kashyap Adv Mr. Hasan Murtuza Adv Mr. Abhay Singh Adv. Smiriti Ahuja Adv Mr. Vinodh Kanna B. AOR

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