https://www.taxtmi.com/caselaws?id=363431 The Tribunal ruled in favor of the Revenue, determining that the compensation received for transferring the business of Investment Management should be treated as capital gains taxable under section 55(2)(a) of the IT Act. The Tribunal also upheld the Revenue's view on the treatment of retirement fees as taxable under capital gains and remanded the issue of ongoing expenses back to the CIT(A) for fresh consideration. The appeal filed by the Revenue for A.Y. 2005-06 was dismissed as not maintainable due to a prior identical appeal decision by the Tribunal. en-us Thu, 05 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363431 The Tribunal ruled in favor of the Revenue, determining that the compensation received for transferring the business of Investment Management should be treated as capital gains taxable under section 55(2)(a) of the IT Act. The Tribunal also upheld the Revenue's view on the treatment of retirement fees as taxable under capital gains and remanded the issue of ongoing expenses back to the CIT(A) for fresh consideration. The appeal filed by the Revenue for A.Y. 2005-06 was dismissed as not maintainable due to a prior identical appeal decision by the Tribunal. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363431