https://www.taxtmi.com/caselaws?id=71601 The Tribunal allowed the deduction of payments made to grandsons for the use of goodwill in a partnership firm, totaling Rs. 11,802. It held that the payments were made for the purpose of carrying on the business, were not excessive, and were in line with the partnership deed and the deceased partner's will. The Tribunal found that the payments were a condition precedent for business operations and had overriding title, rejecting the disallowance by lower authorities. en-us Mon, 18 Jan 1982 00:00:00 +0530 Mon, 25 Apr 2011 18:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71601 The Tribunal allowed the deduction of payments made to grandsons for the use of goodwill in a partnership firm, totaling Rs. 11,802. It held that the payments were made for the purpose of carrying on the business, were not excessive, and were in line with the partnership deed and the deceased partner's will. The Tribunal found that the payments were a condition precedent for business operations and had overriding title, rejecting the disallowance by lower authorities. Case-Laws Income Tax Mon, 18 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71601