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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Valuation of goodwill - the substitution adopted by the ...


Assessing Officer's goodwill valuation flawed; wrongly equated trademark and goodwill value without basis, highlighting assessment error.

May 19, 2018

Case Laws     Income Tax     HC

Valuation of goodwill - the substitution adopted by the Assessing Officer suffered from greater vice. There was no basis for him to believe that the trademark and goodwill must value at the same level. - HC

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