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<h1>Revenue's Rs. 10 Lacs Wealth Addition Appeal Dismissed for Fictitious Goodwill Entry</h1> The Appellate Tribunal ITAT BOMBAY-A dismissed the Revenue's appeals regarding the deletion of an addition of Rs. 10 lacs to the assessee's net wealth for ... - The Appellate Tribunal ITAT BOMBAY-A dismissed the appeals by the Revenue regarding the deletion of an addition of Rs. 10 lacs made to the net wealth of the assessee for the assessments of 1978-79 and 1979-80. The addition was deleted because the entry made for goodwill was deemed fictitious and did not represent a real asset, as per r. 2D(d) of the WT Rules and CBDT Circular No.96, dt. 25th Nov., 1972.
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