This document contains the Supreme Court of India's judgement concerning Civil Appeals No. 8258 & 8259 of 2022, involving the Commissioner of Income Tax and M/s. Mansukh Dyeing and Printing Mills. The case revolves around the tax implications of revaluing assets within a partnership and their distribution to partners, specifically addressing the applicability of Section 45(4) of the Income Tax Act. This judgement is crucial for tax professionals, legal practitioners, and businesses dealing with partnership taxation and capital gains.
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