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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Goodwill - assessee has got the additional share capital ...


Goodwill Taxable as STCG Due to Non-compliance with Section 47(xiv) in Share Capital Allotment Case.

June 27, 2014

Case Laws     Income Tax     AT

Goodwill - assessee has got the additional share capital allotment without bringing anything to the assignee - the pre-requisite laid down in section 47(xiv) has not been complied with - goodwill is taxable as STCG - AT

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