Madras H.C : The consideration received by the appellant for transfer of goodwill was taxable as ‘profits and gains of business’ under section 28(ii)(c) of the Income-tax Act and not under the head ‘Capital gains’
High Court Of Madras Chakiat Agencies (P.) Ltd. Vs. ACIT Section 28(i), 45, 263 Assessment Year 2001-02 R. Sudhakar And […]