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1978 (8) TMI 67 - HC - Income TaxExtract: ....... to tax under the head capital gains . It being now well settled that the goodwill of a business is a capital asset, vide the decision of the Supreme Court in the case of Devidas Vithaldas and Co. 1972 84 ITR 277, we answer the question in the affirmative and against the assessee. There will be no order as to costs. SUDHINDRA MOHAN GUHA J.-I agree.
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