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TMI Blog1984 (9) TMI 133X X X X Extracts X X X X X X X X Extracts X X X X ..... was declared in the account of the estate on the plea that the deceased had retired from the firm before her death. In support of this contention a copy of the order of the Tribunal of Jaipur Bench in Appeal No. EDA 12/JP/1979 was filed. The Asstt. CED did not accept this contention and held that the deceased made a gift of her share of goodwill which will be deductible on her death. He, therefor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of Siremalji Nawlkha vs. Asstt. CED (1980) 10 TTJ 401 (Jp) for the proposition that where the deceased had retire from a firm about 3 month before his death and after retirement the remaining partners had taken over the assets and liabilities of the firm, there is no right of good-will which could be included in the estate of the deceased passing on death. The same view has been taken by the Cal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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