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1988 (11) TMI 63 - BOMBAY HIGH COURTExtract: ............ thus Whether, on the facts and in the circumstances of the case, Rs. 50,000 received by the assessee for transferring the goodwill of the business were chargeable to tax under the head Capital gains ? Having regard to the aforesaid judgment, the question is answered in the negative and in favour of the assessee. No order as to costs.
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