https://www.taxtmi.com/caselaws?id=182791 The court affirmed the taxability of the sum received by the assessee from a partnership deed as a revenue receipt under the Indian Income-tax Act. The court considered the payment for the use of goodwill and technical knowledge in a joint commercial venture, concluding it as assessable income. The respondent was awarded costs of Rs. 250. en-us Thu, 03 Dec 1964 00:00:00 +0530 Thu, 19 May 2016 17:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182791 The court affirmed the taxability of the sum received by the assessee from a partnership deed as a revenue receipt under the Indian Income-tax Act. The court considered the payment for the use of goodwill and technical knowledge in a joint commercial venture, concluding it as assessable income. The respondent was awarded costs of Rs. 250. Case-Laws Income Tax Thu, 03 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182791