https://www.taxtmi.com/caselaws?id=66563 The Tribunal upheld the decisions of the Commissioner of Income-tax (Appeals) in dismissing the appeal. It found the deletion of payments made to the trust, the interest payment, and the computation of goodwill reasonable and in line with commercial practices. The Tribunal clarified that section 40(b) does not apply to payments to a trust and emphasized the commercial basis for assessing goodwill, focusing on future profit potential rather than past performance. en-us Fri, 25 Feb 1994 00:00:00 +0530 Mon, 28 Feb 2011 12:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66563 The Tribunal upheld the decisions of the Commissioner of Income-tax (Appeals) in dismissing the appeal. It found the deletion of payments made to the trust, the interest payment, and the computation of goodwill reasonable and in line with commercial practices. The Tribunal clarified that section 40(b) does not apply to payments to a trust and emphasized the commercial basis for assessing goodwill, focusing on future profit potential rather than past performance. Case-Laws Income Tax Fri, 25 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66563