https://www.taxtmi.com/caselaws?id=58397 The Tribunal ruled in favor of the revenue, rejecting the assessee's claim for tax exemption on the consideration received for the sale of assets as goodwill. Additionally, the Tribunal upheld the application of section 41(2) to include depreciation in the computation of capital gains, reversing the Appellate Assistant Commissioner's decision and allowing the appeal. en-us Thu, 06 Dec 1984 00:00:00 +0530 Sat, 18 Dec 2010 17:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58397 The Tribunal ruled in favor of the revenue, rejecting the assessee's claim for tax exemption on the consideration received for the sale of assets as goodwill. Additionally, the Tribunal upheld the application of section 41(2) to include depreciation in the computation of capital gains, reversing the Appellate Assistant Commissioner's decision and allowing the appeal. Case-Laws Income Tax Thu, 06 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58397