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Income Tax - Highlights / Catch Notes

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Taxability of goodwill - whether sum received by the company ...

Income Tax

April 29, 2015

Taxability of goodwill - whether sum received by the company from its collaborators on account of goodwill not exigible to tax as held by Tribunal - Held No - it cannot be held that the valuation of goodwill made by the assessee was unreasonable or untenable in law. - HC

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