{"id":8363,"date":"2019-11-24T15:12:31","date_gmt":"2019-11-24T15:12:31","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dcit-v-dr-sandeep-dave-2019-179-itd-51-raipur-trib\/"},"modified":"2020-03-15T12:30:51","modified_gmt":"2020-03-15T12:30:51","slug":"dcit-v-dr-sandeep-dave-2019-179-itd-51-raipur-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-dr-sandeep-dave-2019-179-itd-51-raipur-trib\/","title":{"rendered":"DCIT  v.  Dr. Sandeep Dave. (2019) 179 ITD 51  \/ 201 TTJ 683 \/ 182 DTR 109 (Raipur)   (Trib)"},"content":{"rendered":"<p>Assessee received certain amount from a company which he claimed as professional goodwill.AO held that said amount was received by assessee on account of relinquishment of his rights in management of a company \u00a0accordingly taxed under S. 28(ii)(a) of the Act. \u00a0CIT (A) deleted the addition . On appeal by revenue the Tribunal held that since AO had not established that assessee was person who was managing whole or substantially whole of affairs of company, invocation of section 28(ii)(a) failed . The Tribunal also held that even, assuming that amount received by assessee was relatable to relinquishment of any managerial right, cost of any such managerial right being indeterminate, provisions relating to computation of capital gain were not workable and, consequently, amount could not be taxed under S. 45 \u00a0of the Act also <strong>. <\/strong>(AY. 2009 -10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains \u2013 Capital receipt \u2013  Professional goodwill -Business income -Compensation &#8211; Amount received against termination of right &#8211;  Held to be capital receipt [ S. 2(14), 4, 28(ii(a), 55 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8363","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2aT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=8363"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8363\/revisions"}],"predecessor-version":[{"id":10442,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8363\/revisions\/10442"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}