2015 (12) TMI 48

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....ndent : Sri A Shankar & Mr M Lava, Adv JUDGMENT This appeal was admitted on the following substantial questions of law: a) Whether the Tribunal was correct in holding that a sum of Rs. 3,99,75,400/- paid by "Sharp Corporation, Japan" to the assessee for transfer of the right to use the trade mark "SHARP" which consisted of both goodwill as well as the right to use associate with 14 items out o....

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.... to the root of the matter as to whether the amount in question ie., Rs. 3,99,75,400/- received by the assessee from Sharp Corporation, Japan was disclosed by the assessee in its return for the relevant assessment year 1996-97 filed before the search was conducted in the premises of the assessee which was on 16/10/1997. 4. From the record it is clear that the return of income for the relevant ass....