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1 - 10 of 16 (0.42 seconds)Section 2 in The Income Tax Act, 1961 [Entire Act]
Section 45 in The Income Tax Act, 1961 [Entire Act]
Section 48 in The Income Tax Act, 1961 [Entire Act]
Section 49 in The Income Tax Act, 1961 [Entire Act]
National Cement Mines Industries, Ltd vs Commissioner,Of Income-Tax, West ... on 17 January, 1961
In
National Cement Mines Industries Ltd. v. CIT [1961] 42 ITR 69 , Justice J.C.
Shah (as His Lordship then was) speaking for the Hon'ble Supreme Court
emphasized the principles of interpretation to be adopted by the Court in
construing a commercial transaction :
Section 55 in The Income Tax Act, 1961 [Entire Act]
Section 56 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
In B.C. Srinivasa Setty (supra), it has been held that "Goodwill"
generated in a newly commenced business can not be described as an
"Asset" under section 45 and transfer of such goodwill is not subject to
capital gains tax.