1986 (11) TMI 109

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..... Krishnamurthy, Senior Vice President --- This is an appeal filed by the Assistant Controller against the order of the Appellate Controller by which he held that the assessee's share in the goodwill, which was computed at Rs. 49,448 was not to be included as an asset passing on the death of the deceased. 2. The deceased Shri Tirath Ram Hand, who died on14-8-1981, was a partner in a firm called Jay .....

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..... th of the deceased. He directed the deletion of the addition of Rs. 49,448. 4. Filing an appeal against this order of the Appellate Controller, the department contended before us that as per recent decision of the Supreme Court in CED v. Mrudula Nareshchandra [1986] 160 ITR 342 goodwill is an asset passing on the death of a partner notwithstanding a clause to the contrary in the partnership deed. .....

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