1987 (3) TMI 9

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..... case under section 64(1) of the Estate Duty Act, 1953, is : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the share of goodwill of the deceased in the firm of Messrs. Nathumal Brothers did not pass on the death of the deceased under section 5 of the Estate Duty Act?" On the question at issue there was a conflict of opinion between .....

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..... preme Court has resolved the aforesaid conflict. The Supreme Court, in CED v. Mrudula Nareshchandra [1986] 160 ITR 342, reversed the judgment of the Gujarat High Court and has expressly approved the decision and the reasoning of the Madras High Court. Following the said decision of the Supreme Court, we answer the question referred to us in the negative, i.e., in favour of the Revenue and against .....

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