Supreme Court Raises Concerns over MACT Rulings, Seeks Clear and Well-Reasoned Findings  ||  Supreme Court Revives over Rs.16 Crore Service Tax Demand Against BPCL and HPCL in CNG Sales Case  ||  Supreme Court Reduces Gang Rape Convict's Sentence to 20 Years, Cites Reform Prospects  ||  Rajasthan High Court: NI and Commercial Court Proceedings Equal, Grants Accused Original Records  ||  Bombay HC: Officials, Not Taxpayers, Must Pay For Losses From Illegal Project Cancellations  ||  Karnataka HC: Major Unmarried Daughter can Claim PG Education Costs under Domestic Violence Act  ||  Punjab & Haryana HC Calls For Wisdom Amid Lawyers' Strike over LADCS  ||  Kerala HC Orders SIT to Conclude Sabarimala Gold Theft Probe After National Metallurgical Lab Report  ||  Delhi HC Lifts Gag Order on the Wire; Prior Restraint in Defamation Not Sustainable  ||  Delhi HC: Parents Fined Rs.2 Lakh over False Birth Date for School Admission    

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 2026 - All Rights Reserved