Reduction in a partner’s share on reconstitution not a capital asset transfer
The Assessee1, is one of the partners in M/s. CRCL LLP (‘CRCL or Firm’) with a 12% profit-sharing ratio.
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The Assessee1, is one of the partners in M/s. CRCL LLP (‘CRCL or Firm’) with a 12% profit-sharing ratio.