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Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1987 (3) TMI HC This

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1987 (3) TMI 9 - HC - Income Tax

The High Court of Andhra Pradesh ruled that the share of goodwill of a deceased partner in a firm passes on death, contrary to the Gujarat High Court's view. The Supreme Court resolved the conflict, favoring the Madras High Court's stance. The judgment was in favor of the Revenue.

 

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