2015 (12) TMI 48

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ri K V Aravind, Adv For the Respondent : Sri A Shankar & Mr M Lava, Adv JUDGMENT This appeal was admitted on the following substantial questions of law: a) Whether the Tribunal was correct in holding that a sum of Rs. 3,99,75,400/- paid by "Sharp Corporation, Japan" to the assessee for transfer of the right to use the trade mark "SHARP" which consisted of both goodwill as well as....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o the merit of the case whereas the second question goes to the root of the matter as to whether the amount in question ie., Rs. 3,99,75,400/- received by the assessee from Sharp Corporation, Japan was disclosed by the assessee in its return for the relevant assessment year 1996-97 filed before the search was conducted in the premises of the assessee which was on 16/10/1997. 4. From the record ....