https://www.taxtmi.com/caselaws?id=253289 The High Court upheld the Tribunal's decision in both issues, ruling in favor of the assessee and dismissing the appeal by the Revenue. The Court held that the amount received on account of goodwill on retirement was not liable to be assessed to capital gains tax and that the amount received towards settlement of civil suits did not constitute a transfer assessable to capital gains tax. The decisions were based on legal precedents and established principles from previous cases, ultimately favoring the assessee in both instances. en-us Thu, 16 Oct 2014 00:00:00 +0530 Thu, 20 Nov 2014 12:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253289 The High Court upheld the Tribunal's decision in both issues, ruling in favor of the assessee and dismissing the appeal by the Revenue. The Court held that the amount received on account of goodwill on retirement was not liable to be assessed to capital gains tax and that the amount received towards settlement of civil suits did not constitute a transfer assessable to capital gains tax. The decisions were based on legal precedents and established principles from previous cases, ultimately favoring the assessee in both instances. Case-Laws Income Tax Thu, 16 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253289