1989 (8) TMI 1

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..... e No 1 of 1979. - -
Income Tax
Transfer of business of firm to private company - ITO invoked section 52 for estimating fair market value of the goodwill - action of ITO was not justified because .....

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..... CIT v. B. C. Srinivasa Setty [1981] 128 ITR 294 (SC), the answer given by the Tribunal to the question referred to us is correct and it is upheld. The matter is disposed of accordingly. No costs
C .....

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