Sale of Client Relationship and Goodwill by CA Firm Constitute Capital Gain: ITAT - 10.04.2019

Income Tax Appellate Tribunal (ITAT), Delhi bench has held that sale of client relationship and goodwill by firm is capital asset under section 2(14), which is chargeable under capital gain, while granting deduction claim under Section 54EC of Income Tax Act to a Chartered Accountants Firm.

Tags : ITAT CA Firm Sale of Client Relationship and Goodwill

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