VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
21,52,90,000. Since total sale
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JUDGMENT
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consideration at which the firm was sold was 92 crores, balance
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amount of 70,47,10,000 was treated as representing goodwill of the
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firm which was taxed as long term gain. This mode of arriving at short
term and long term capital gain and taxing it accordingly
