https://www.taxtmi.com/caselaws?id=66903 The Tribunal ruled in favor of the revenue, determining that the transfer of a kerosene dealership constituted a transfer of goodwill. It held that the cost of acquisition for the goodwill transfer should be considered nil in the hands of the assessee, resulting in capital gains being chargeable under the Income Tax Act provisions. The Tribunal set aside the CIT (Appeals) order and reinstated the Assessing Officer's decision. en-us Fri, 11 Sep 1998 00:00:00 +0530 Tue, 08 Mar 2011 10:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66903 The Tribunal ruled in favor of the revenue, determining that the transfer of a kerosene dealership constituted a transfer of goodwill. It held that the cost of acquisition for the goodwill transfer should be considered nil in the hands of the assessee, resulting in capital gains being chargeable under the Income Tax Act provisions. The Tribunal set aside the CIT (Appeals) order and reinstated the Assessing Officer's decision. Case-Laws Income Tax Fri, 11 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66903