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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Goodwill arising on succession - capital balance accounted as ...

Income Tax

July 23, 2016

Goodwill arising on succession - capital balance accounted as goodwill - capital gain computation - transfer - interpretation of Section 47 (xiv) - assessee has got the additional share capital allotment without bringing anything to the assignee. Therefore, the prerequisite laid down in section 47(xiv) has not been complied with. - HC

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