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1972 (7) TMI 3 - HC - Income TaxSale of a firm of chartered accountants - Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is correct in law in holding that the amount of Rs. 32,000 cannot be subjected to tax as capital gains – held that amount received on account of goodwill does not give rise to capital gains - Question answered in the affirmative
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