M/S. ABB LTD.,,BANGALORE vs. THE ADDL. CIT, BANGALORE
In the result appeal by the Assessee is allowed
ITA 1281/BANG/2010[1997-98]Status: DisposedITAT Bangalore14 May 2015AY 1997-98
Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz Assessment Year : 1997-98
For Appellant: Shri P.J. Pardiwalla, Sr. AdvocateFor Respondent: Shri K.V. Arvind, Sr. Counsel
50B. In the present case, we are concerned with AY 97-98 prior to
insertion of Sec.50-B of the Act.
7. The claim of the Assessee regarding non-taxability of consideration received on sale of transportation business /undertaking as well as non-
compete fee was considered and decided by the Hon’ble ITAT Mumbai
Benches (the Assessee was assessed
