Nishant Saki (24 Points)15 July 2019
(SEO Sai Gr. Hosp.)
Replied 16 July 2019
Amount paid to a partner upon retirement after taking accounts and upon deduction of liabilities did not involve an element of transfer within meaning of section 2(47) and not chargeable to income tax.
Shri James P. D'Silva Vs DCIT (ITAT Mumbai) (All ITAT (6148) ITAT Mumbai (1859)