Goodwill - capital asset u/s 2(14) - The assessee had therefore garnered substantial experience,...

Goodwill - capital asset u/s 2(14) - The assessee had therefore garnered substantial experience, reputation and credentials in the business of mining which was a valuable intangible asset. - the amount received by the assessee on account of goodwill is a capital asset and liable to tax under the head capital gain. .....

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