M&A Critique

M/s Orient Blackswan Pvt. Ltd., Hyderabad Vs. ACIT

TOPIC Sum received for restraining use of ceased trademark is non-taxable capital receipt Facts of the Case Assessed company is engaged in the business of publishing and trading of educational and academic books on its...

M/s Rayala Corporation Pvt. Ltd. vs ACIT

TOPIC Rental Income from Business Facts of the Case The appellant-assesse, a private limited company, is having house property, which has been rented and the assesse is receiving income from the said property by way of...