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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Receipt on transfer of Goodwill - assessee Company (EOPL) ...


Business Transfer Not Taxable u/s 28(va) of Income Tax Act: Capital Gains Classification Upheld.

March 14, 2015

Case Laws     Income Tax     AT

Receipt on transfer of Goodwill - assessee Company (EOPL) transferred its entire business to GNRS - assessee had offered the said capital receipt under the head ‘Capital Gains’, and under no circumstances the said amount can be brought to tax under section 28(va) - AT

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