https://www.taxtmi.com/caselaws?id=75009 The High Court held that the amount of Rs. 11 lakhs received by the cable operator was for refraining from competing with the purchaser in the future within Mumbai suburbs. The Court rejected the Revenue's argument that the amount was for the transfer of goodwill, upholding the Tribunal's decision. The Court found no evidence to support the Revenue's claim and dismissed their appeal, ruling in favor of the operator. en-us Wed, 20 Aug 2008 00:00:00 +0530 Tue, 16 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75009 The High Court held that the amount of Rs. 11 lakhs received by the cable operator was for refraining from competing with the purchaser in the future within Mumbai suburbs. The Court rejected the Revenue's argument that the amount was for the transfer of goodwill, upholding the Tribunal's decision. The Court found no evidence to support the Revenue's claim and dismissed their appeal, ruling in favor of the operator. Case-Laws Income Tax Wed, 20 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75009