https://www.taxtmi.com/highlights?id=30450 Goodwill arising on succession - capital balance accounted as goodwill - capital gain computation - transfer - interpretation of Section 47 (xiv) - assessee has got the additional share capital allotment without bringing anything to the assignee. Therefore, the prerequisite laid down in section 47(xiv) has not been complied with. - HC en-us Sat, 23 Jul 2016 20:26:05 +0530 Sat, 23 Jul 2016 20:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30450 Goodwill arising on succession - capital balance accounted as goodwill - capital gain computation - transfer - interpretation of Section 47 (xiv) - assessee has got the additional share capital allotment without bringing anything to the assignee. Therefore, the prerequisite laid down in section 47(xiv) has not been complied with. - HC Highlights Income Tax Sat, 23 Jul 2016 20:26:05 +0530 https://www.taxtmi.com/highlights?id=30450