1983 (6) TMI 2 - HC - Income Tax

Summary

The High Court of Madras dismissed the petition regarding the valuation of goodwill for capital gains, upholding the decision that goodwill cannot be included as part of capital gains based on previous court rulings. The Revenue's appeal was denied, and there were no costs awarded. (Case citation: 1983 (6) TMI 2 - MADRAS High Court)