https://www.taxtmi.com/caselaws?id=257508 The Tribunal ruled in favor of the assessee, holding that the receipt from the transfer of goodwill was a capital receipt taxable under "Capital Gains," not as business income under section 28(va). The judgment emphasized the distinction between transferring business rights and ceasing business activities for tax purposes, citing legal precedent and relevant sections of the Income Tax Act. en-us Wed, 25 Feb 2015 00:00:00 +0530 Sat, 14 Mar 2015 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257508 The Tribunal ruled in favor of the assessee, holding that the receipt from the transfer of goodwill was a capital receipt taxable under "Capital Gains," not as business income under section 28(va). The judgment emphasized the distinction between transferring business rights and ceasing business activities for tax purposes, citing legal precedent and relevant sections of the Income Tax Act. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257508