High Court rules goodwill received by retiring partner is a capital asset u/s 2(14) of Income Tax Act.

High Court rules goodwill received by retiring partner is a capital asset u/s 2(14) of Income Tax Act. https://www.taxtmi.com/highlights?id=39048 Receipt of amount as goodwill on retirement - right of partner in the partnership firm - capital asset u/s 2(14) - extinguishment of such right in the firm - HC dismissed the revenue appeal. en-us Tue, 24 Apr 2018 09:10:52 +0530 Tue, 24 Apr 2018 09:10:52 +0530 TaxTMI RSS Generator High Court rules goodwill received by retiring partner is a capital asset u/s 2(14) of Income Tax Act. https://www.taxtmi.com/highlights?id=39048 Receipt of amount as goodwill on retirement - right of partner in the partnership firm - capital asset u/s 2(14) - extinguishment of such right in the firm - HC dismissed the revenue appeal. Highlights Income Tax Tue, 24 Apr 2018 09:10:52 +0530 https://www.taxtmi.com/highlights?id=39048