1989 (8) TMI 1

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..... invoked section 52 for estimating fair market value of the goodwill - action of ITO was not justified because no separate consideration was paid for goodwill and no capital gains arose on the transfer .....

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..... inivasa Setty [1981] 128 ITR 294 (SC), the answer given by the Tribunal to the question referred to us is correct and it is upheld. The matter is disposed of accordingly. No costs - - TaxTMI - TMI .....

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