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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Taxability of professional goodwill - the revenue has not ...


Assessee's Professional Goodwill Not Taxable; Revenue Fails to Prove Management Role u/s 28(ii)(a.

October 4, 2019

Case Laws     Income Tax     AT

Taxability of professional goodwill - the revenue has not established that the assessee was managing the whole or substantially the whole of the affairs of the company - the amount received by the assessee is neither chargeable under sec. 28(ii)(a) nor under the head capital gain.

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