https://www.taxtmi.com/caselaws?id=75291 The Supreme Court upheld the High Court's decision in a case concerning the valuation of goodwill in a partnership firm engaged in exporting tea. The Court dismissed the appeal, emphasizing that the multiplier used for valuation depends on business nature and market conditions. Additionally, the Court upheld the Tribunal and High Court's decision regarding the refund of income-tax payable after a partner's death, ruling that the refund did not crystallize before the partner's demise and could not be considered part of the deceased's property at the time of death. Multiple other appeals and special leave petitions were also dismissed by the Court based on previous orders. en-us Wed, 25 Nov 2009 00:00:00 +0530 Wed, 07 Sep 2011 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75291 The Supreme Court upheld the High Court's decision in a case concerning the valuation of goodwill in a partnership firm engaged in exporting tea. The Court dismissed the appeal, emphasizing that the multiplier used for valuation depends on business nature and market conditions. Additionally, the Court upheld the Tribunal and High Court's decision regarding the refund of income-tax payable after a partner's death, ruling that the refund did not crystallize before the partner's demise and could not be considered part of the deceased's property at the time of death. Multiple other appeals and special leave petitions were also dismissed by the Court based on previous orders. Case-Laws Income Tax Wed, 25 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75291