Orissa HC: Directors Liable under S.138 NI Act Despite Company’s Insolvency  ||  Bombay HC: GST Return Details of Company Exempt from Disclosure under RTI Act  ||  Chhattisgarh HC: Timely Appointment of Electronic Evidence Examiners Vital in Cyber Crime Probes  ||  Bombay HC: GST Return Details of Company Exempt from Disclosure under RTI Act  ||  Bombay HC: GST Return Details of Company Exempt from Disclosure under RTI Act  ||  Bombay HC: Appeal under Section 37 A&C Doesn’t Bar Fresh Arbitration Proceedings  ||  Supreme Court: Upload Nodal Officer Details on Vatsalya Portal for Missing Child Cases  ||  NCLAT: ED Cannot Keep Attached Assets After Resolution Plan Approval  ||  SC: Gender-Neutral JAG Appointments Judgment Not Retrospective  ||  Supreme Court Rejects Telangana Govt Plea on HC Stay of 42% Backward Classes Reservation    

Sale of Client Relationship and Goodwill by CA Firm Constitute Capital Gain: ITAT - (10 Apr 2019)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Delhi bench has held that sale of client relationship and goodwill by firm is capital asset under section 2(14), which is chargeable under capital gain, while granting deduction claim under Section 54EC of Income Tax Act to a Chartered Accountants Firm.

Tags : ITAT   CA FIRM   SALE OF CLIENT RELATIONSHIP AND GOODWILL  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved