COMMISSIONER OF INCOME-TAX versus PALANIAPPA TRANSPORT
Business balance charge is not equal to sale in the meaning of Section 41 (2) of the dissolution of the partners 'firm or the partners' mutual rights upon retirement, the buses allocated to the dissolving partner fan to the transport business firm No sale Under section 41 (2) of the Indian Income Tax Act, 1961, section 41 (2), the value of buses cannot be estimated beyond their written value.
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