https://www.taxtmi.com/caselaws?id=61732 The tribunal allowed the appeal, ruling in favor of the appellant and deleting the addition of Rs. 3,242 from the total income computation. The decision emphasized the inability to ascertain the cost of improvement in goodwill transferred for consideration, following precedent cases and holding that gains from such transfers are not subject to capital gains tax. en-us Fri, 17 Dec 1982 00:00:00 +0530 Fri, 14 Jan 2011 15:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61732 The tribunal allowed the appeal, ruling in favor of the appellant and deleting the addition of Rs. 3,242 from the total income computation. The decision emphasized the inability to ascertain the cost of improvement in goodwill transferred for consideration, following precedent cases and holding that gains from such transfers are not subject to capital gains tax. Case-Laws Income Tax Fri, 17 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61732