An Assessee has a partnership concern which does not executes any transaction round the year from last 3-4 years and has a office premises which got depriciation till the day, concern had transactions. From two years the office premises of the concern is been used by a private limited company(sister concern) for its daily working.
The query is that the Assessee wants the office premises of the Partnership Concern to be the Official premises of the PVT. LTD. Company. How do the assessee do that?? so that the partnership also closes and the office premises is taken over ?? Or only the premises is taken over without TAX LIABLITY?? What will be its consequences???
PLZ REPLY AS SOON AS POSSIBLE.. ITS URGENT!!
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