https://www.taxtmi.com/caselaws?id=257822 The appeal was partly allowed, and the Tribunal directed the Assessing Officer to reassess the bifurcation of the consideration received by the assessee for the transfer of exclusive distribution rights. The Tribunal found that the consideration for "Goodwill" was taxable under section 45(1) of the Income Tax Act, while the consideration for the "Right to carry on business" was not taxable due to the absence of a cost of acquisition. The Tribunal's decision was pronounced on 09.03.2015. en-us Mon, 09 Mar 2015 00:00:00 +0530 Tue, 24 Mar 2015 06:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257822 The appeal was partly allowed, and the Tribunal directed the Assessing Officer to reassess the bifurcation of the consideration received by the assessee for the transfer of exclusive distribution rights. The Tribunal found that the consideration for "Goodwill" was taxable under section 45(1) of the Income Tax Act, while the consideration for the "Right to carry on business" was not taxable due to the absence of a cost of acquisition. The Tribunal's decision was pronounced on 09.03.2015. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257822