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1999 (6) TMI 16 - ANDHRA PRADESH HIGH COURTExtract: .......n Puran Das s case 1988 169 ITR 480 (AP), is misconceived. The learned judges held that the acquisition of the goodwill is a revenue asset. In spite of service of notice, none appeared for the assessee. In view of the above, the question referred by the Tribunal is answered against the assessee and in the negative. R. C. is accordingly disposed of.
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