THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS
ITA/46/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
section 45 to be the subject of the charge". In that case, the
court was considering whether a firm was liable to pay capital gains on the sale of
its goodwill to another firm. The court found that the consideration received for
the sale of goodwill could not be subjected to capital gains because the cost of its
acquisition
