Goodwill Sale Generates Capital Receipts, Not Covered Under Income Tax Act Section 55(2)(a) for Assessee's Profession.

Goodwill Sale Generates Capital Receipts, Not Covered Under Income Tax Act Section 55(2)(a) for Assessee's Profession. https://www.taxtmi.com/highlights?id=16956 The sale of goodwill in the present case results in generation of capital receipts in the hands of the assessee out of his profession and as such do not come within the ambit of the provisions of section 55(2)(a) - AT en-us Sun, 26 Jan 2014 19:18:11 +0530 Sun, 26 Jan 2014 19:18:11 +0530 TaxTMI RSS Generator Goodwill Sale Generates Capital Receipts, Not Covered Under Income Tax Act Section 55(2)(a) for Assessee's Profession. https://www.taxtmi.com/highlights?id=16956 The sale of goodwill in the present case results in generation of capital receipts in the hands of the assessee out of his profession and as such do not come within the ambit of the provisions of section 55(2)(a) - AT Highlights Income Tax Sun, 26 Jan 2014 19:18:11 +0530 https://www.taxtmi.com/highlights?id=16956