Friday, July 19, 2019

Share received from firm on sale of goodwill & trademark taxable as capital gains; SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's order holding that income earned by assessee HUF as a partner of partnership firm from sale of goodwill and trademark of firm was taxable as capital gain, SLP filed against decision of High Court was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2JDn31D

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...