VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
capital gain, valuation of goodwill, as done by the
Assessing Officer, was contrary to law. It was submitted that the manner
in which the goodwill was valued showed that cost of acquisition was
treated as 'Nil'. However, it could not be so having regard to the
provisions of Section 48. He contrasted the same with Section 55
