Section 2 in The Income Tax Act, 1961 [Entire Act]
other business or commercial rights of similar nature, [not being goodwill of a business or profession,] in respect of which the same percentage of depreciation
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1 - 10 of 27283 (1.63 seconds)Section 32 in The Income Tax Act, 1961 [Entire Act]
acquired on or after the 1st day of April, 1998, [not being goodwill of a business or profession] owned, wholly or partly, by the assessee ... other business or commercial rights of similar nature [, not being goodwill of a business or profession]. Explanation 4.—For the purposes of this sub-section
Section 28 in The Income Tax Act, 1961 [Entire Act]
kind, on account of any capital asset (other than land or goodwill or financial instrument) being demolished, destroyed, discarded or transferred, if the whole
Section 56 in The Income Tax Act, 1961 [Entire Act]
date of issue of shares, of its assets, including intangible assets being goodwill, know-how, patents, copyrights, trademarks, licences, franchises or any other business
Section 45 in The Income Tax Act, 1961 [Entire Act]
person due to revaluation of any asset or due to self-generated goodwill or any other self-generated asset. Explanation 1.—For the purposes ... meanings respectively assigned to them in section 9B; (ii) "self-generated goodwill" and "self-generated asset" mean goodwill or asset, as the case
Section 3 in THE FINANCE ACT, 2021 [Entire Act]
words “or commercial rights of similar nature,”, the words “not being goodwill of a business or profession,” shall be inserted; (ii) in clause (14), after
Section 50 in The Income Tax Act, 1961 [Entire Act]
transfer of short-term capital assets.] [Provided that in a case where goodwill of a business or profession forms part of a block of asset ... Explanation.—For the purposes of this section, reduction of the amount of goodwill of a business or profession, from the block of asset in accordance
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
SC1055 (9,10)
RF 1992 SC 147 (6,8)
ACT:
Goodwill of a newly commenced business-Whether, (i) a
capital asset ... subsequently extended by
another instrument dated 31st March, 1964 showed that the
goodwill of the firm had not been valued, and the valuation
would
Section 27 in The Indian Contract Act, 1872 [Entire Act]
Exception 1.— Saving of agreement not to carry on business of which goodwill is sold.— One who sells the goodwill of a business may agree ... long as the buyer, or any person deriving title to the goodwill from him, carries on a like business therein, provided that such limits appear
Section 55 in The Income Tax Act, 1961 [Entire Act]
cost of any improvement",— (1) in relation to a capital asset being goodwill of a business or a right to manufacture, produce or process ... cost of acquisition",— [(a) in relation to a capital asset, being goodwill of a business or profession, or a trade mark or brand name associated