Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1979 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1979 (6) TMI 71 - ITAT GAUHATIExtract: .......minated at any time. There being no goodwill at all there was no justification for valuing such goodwill alone and imposing the gift-tax as was held by the Supreme Court. Hence, looked at from any point of view, the assessment is untenable and it is accordingly cancelled. 6. In the result, the appeal is allowed and the cross objection is dismissed.
|