Transfer of IARC Practice as Long-Term Capital Asset: No Acquisition Cost u/s 55(2)(a)(ii) of Income Tax Act.

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....LTCG - transfer of Internal Audit and Risk Consultancy practice (IARC) to company - client list and contract relationship has been built by the assessee over past 30 years - cannot be considered as a non-compete fees - this is a long-term capital asset - cost of the acquisition will be nil as self-acquired u/s 55 (2)(a)(ii)....