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1978 (4) TMI 91 - MADHYA PRADESH HIGH COURTExtract: .......the decision on this point was clearly obiter. For all these reasons, we are of opinion that the transfer of a self-created or self-generated goodwill is not taxable under section 45. We answer the question referred to us in the affirmative, in favour of the assessee and against the department. There shall be no order as to costs of this reference.
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