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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Year of taxability of the consideration received for the sale of ...

Income Tax

April 22, 2017

Year of taxability of the consideration received for the sale of goodwill - the Tribunal erred in deleting the addition on account of goodwill when the same has, as a fact, been transferred as on 28.2.1999 and full consideration received then and there. The amount representing goodwill is thus liable to be taxed in the present year. - HC

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