Tribunal Reverses Decision: Goodwill Received by Company from Collaborators May Be Taxable Under Law.

Tribunal Reverses Decision: Goodwill Received by Company from Collaborators May Be Taxable Under Law. https://www.taxtmi.com/highlights?id=22726 Taxability of goodwill - whether sum received by the company from its collaborators on account of goodwill not exigible to tax as held by Tribunal - Held No - it cannot be held that the valuation of goodwill made by the assessee was unreasonable or untenable in law. - HC en-us Wed, 29 Apr 2015 09:28:38 +0530 Wed, 29 Apr 2015 09:28:38 +0530 TaxTMI RSS Generator Tribunal Reverses Decision: Goodwill Received by Company from Collaborators May Be Taxable Under Law. https://www.taxtmi.com/highlights?id=22726 Taxability of goodwill - whether sum received by the company from its collaborators on account of goodwill not exigible to tax as held by Tribunal - Held No - it cannot be held that the valuation of goodwill made by the assessee was unreasonable or untenable in law. - HC Highlights Income Tax Wed, 29 Apr 2015 09:28:38 +0530 https://www.taxtmi.com/highlights?id=22726