Receipt of amount as goodwill on retirement - right of partner ...

High Court rules goodwill received by retiring partner is a capital asset u/s 2(14) of Income Tax Act.

April 24, 2018

Case Laws Income Tax HC

Receipt of amount as goodwill on retirement - right of partner in the partnership firm - capital asset u/s 2(14) - extinguishment of such right in the firm - HC dismissed the revenue appeal.

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Receipt of amount as goodwill on retirement - right of partner ...

High Court rules goodwill received by retiring partner is a capital asset u/s 2(14) of Income Tax Act.

April 24, 2018

Case Laws Income Tax HC

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