https://www.taxtmi.com/caselaws?id=283404 The Tribunal allowed the appeals of the assessees and dismissed the appeals of the revenue. The assessments made under Section 143(3) read with Section 147 were quashed due to the improper initiation of proceedings, which should have been under Section 153C. Consequently, the original grounds of appeal regarding the classification and taxability of the amount received as goodwill were rendered irrelevant. en-us Thu, 29 Nov 2018 00:00:00 +0530 Sat, 21 Sep 2019 12:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283404 The Tribunal allowed the appeals of the assessees and dismissed the appeals of the revenue. The assessments made under Section 143(3) read with Section 147 were quashed due to the improper initiation of proceedings, which should have been under Section 153C. Consequently, the original grounds of appeal regarding the classification and taxability of the amount received as goodwill were rendered irrelevant. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283404