Case Law Details
Case Name : Assistant Commissioner of Income Tax Circle Vs Savita N Mandhana (ITAT Mumbai)
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
CIT Vs. Savita N. Mandhana (ITAT Mumbai)- There is no dispute that the assessee has already included entire consideration for sale of shares, including what could be attributed to non compete obligations, as capital gains. In this view of the matter, the exercise of bifurcation between consideration attributable to sale of shares and for non compete obligations is rendered academic and infructuous.
We may also add that it is not even in dispute that the assessee before us was not actively engaged in the business and so far as the a
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.