1986 (11) TMI 109 - AT - Income Tax

Summary

The Assistant Controller appealed against the Appellate Controller's decision regarding the inclusion of the deceased's share in the goodwill in the estate. The Appellate Tribunal held that the goodwill did pass on the death of the deceased partner, despite the partnership deed stating otherwise. The appeal by the revenue was allowed. (Case: Appellate Tribunal ITAT DELHI-E, Citation: 1986 (11) TMI 109 - ITAT DELHI-E)