https://www.taxtmi.com/caselaws?id=276635 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the Assessee regarding the taxability of a premium received under a Business Transfer Agreement (BTA) for Assessment Year 2009-10. The ITAT held that the amount had already been assessed in the hands of the Assessee's holding company and could not be taxed again in the Assessee's hands. The ITAT's decision, supported by legal precedents, was upheld by the High Court, emphasizing the principle of avoiding double taxation. The appeal by the Revenue was dismissed, affirming the deletion of the additions to the Assessee's income. en-us Fri, 28 Apr 2017 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276635 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the Assessee regarding the taxability of a premium received under a Business Transfer Agreement (BTA) for Assessment Year 2009-10. The ITAT held that the amount had already been assessed in the hands of the Assessee's holding company and could not be taxed again in the Assessee's hands. The ITAT's decision, supported by legal precedents, was upheld by the High Court, emphasizing the principle of avoiding double taxation. The appeal by the Revenue was dismissed, affirming the deletion of the additions to the Assessee's income. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276635