2019 (7) TMI 1976

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed that this issue was not adjudicated. Assessee stated that he is only interested in recalling of the ground. We are of the view that the issue raised by assessee has not been adjudicated. Hence, the same requires adjudication. Hence, qua ground No. 3 only, the appeal of assessee is recalled. - MA No. 374/Mum/2017 (Arising in ITA No. 6035/Mum/2009) - - - Dated:- 19-7-2019 - Sri Mahavir Sin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ate that- (a) The note No. 3 on financial statements which formed part of the audited accounts clearly stated that the business comprised the television and press advertisement expenses data monitoring business alongwith its assets, know-how, intangibles, goodwill, customers, marketing, sales and distribution capabilities, employees and other interest. Therefore, the balance amount from the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ere fact that there is no bifurcation of the payment made by the appellant to M/s. ORG in the business of Transfer Agreement does not mean that the Appellant has acquired only the goodwill of the business and not the know-how and intangibles like- the customers, marketing, sales and distribution capabilities , employees and other interest, as the expression, goodwill in the Balance sheet referred .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X