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The High Court of Punjab and Haryana ruled that the amount paid to the heirs of a deceased partner was for the exclusive use of goodwill, not for its purchase. The court held that the payment was allowable as revenue expenditure.
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Home
The High Court of Punjab and Haryana ruled that the amount paid to the heirs of a deceased partner was for the exclusive use of goodwill, not for its purchase. The court held that the payment was allowable as revenue expenditure.
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