VATSALA SHENOY vs JOINT COMMISSIONER OF INCOME TAX
Whether the sale of a dissolved partnership firm as a going concern constitutes a taxable capital gain in the hands of individual partners when the transaction occurred prior to the introduction of Section 50B (slump sale provisions) --- Held No; Whether business income earned by the firm after dissolution but before final winding up can be taxed in the hands of individual partners --- Held No
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