Tribunal Error: Goodwill Sale on Feb 28, 1999, Must Be Taxed in Current Year Due to Full Consideration Received.

Year of taxability of the consideration received for the sale of goodwill - the Tribunal erred in deleting the addition on account of goodwill when the same has, as a fact, been transferred as on 28.2.1999 and full consideration received then and there. The amount representing goodwill is thus liable to be taxed in the present year. - HC .....

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