THE COMMISSIONER OF INCOME TAX vs. M/S. ABB LTD
In the result, appeal stands dismissed
ITA/568/2015HC Karnataka04 Oct 2021
Bench: S.SUJATHA,RAVI V HOSMANI
Section 143Section 2(24)Section 220Section 220(2)Section 254Section 260Section 260ASection 45
capital gains, in view of B.C.Srinivasa
Setty supra, the Revenue has made an attempt to treat
the technical know-how as goodwill in the second
round.
15.
This reasoning of the Tribunal cannot be
faulted with, in the light of the judgment of the Hon'ble
Apex Court in B.C.Srinivasa Setty supra. The gain from
transfer of business by implication
