https://www.taxtmi.com/caselaws?id=327874 The Tribunal upheld the assessee's treatment of the Rs. 12.92 crores received from M/s Sunlife Assurance Company of Canada as Long-term Capital Gains, considering it a payment towards goodwill. The disallowance of bad debts claimed by the assessee was partially allowed as a normal business loss. The disallowance of the claim relating to TDS certificates was set aside, allowing it as a normal business loss. The disallowance of share issue expenses claimed under Section 35D was confirmed. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, upholding the CIT(A)'s decisions where justified. en-us Tue, 17 May 2016 00:00:00 +0530 Sat, 21 May 2016 12:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327874 The Tribunal upheld the assessee's treatment of the Rs. 12.92 crores received from M/s Sunlife Assurance Company of Canada as Long-term Capital Gains, considering it a payment towards goodwill. The disallowance of bad debts claimed by the assessee was partially allowed as a normal business loss. The disallowance of the claim relating to TDS certificates was set aside, allowing it as a normal business loss. The disallowance of share issue expenses claimed under Section 35D was confirmed. The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal, upholding the CIT(A)'s decisions where justified. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327874