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1976 (3) TMI 64 - AT - Income TaxExtract: .......e a surplus obtained on capital account in transferring the goodwill but it cannot at all be held that there is capital against assessable on transfer of goodwill by virtue of the judgment of the Mysore High Court in B.C.S. Setty s case on which the AAC rightly relied. We accordingly agree with the view taken by the AAC. 8. The appeal is dismissed.
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