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![Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]")
Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a 'Gift': Kerala HC [Read Judgment]
A division bench of the Kerala High Court recently held that a mere reduction in the shares of one partner, resulting in proportionate increase of...
