Tribunal Dismisses Assessing Officer's Use of Section 55(2)(a) for 1996-97; Provision Enacted in 1998-99.

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....Goodwill v/s non compete fee - The reliance placed by the Assessing Officer on Section 55(2)(a) of the Income Tax Act was repelled by the Tribunal rightly on a plea that the said provision came into effect in the year 1998-99, whereas the assessment year in the present case is 1996-97 - HC....