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1985 (10) TMI 52 - HC - Income Tax
Extract:
.......our of the Revenue. Question No. 2 That part of Rs. 31,220 (Rs. 71,900 less Rs. 40,680) which is attributable to goodwill shall not be liable to capital gains tax. The balance amount shall be liable to capital gains tax. Question No. 3 In the affirmative and in favour of the Revenue. The assessee shall pay to the Revenue the costs of the reference.