https://www.taxtmi.com/caselaws?id=200561 The High Court of Madras determined that the payment of Rs. 5000 by the assessee to Mr. Sambamurthi constituted capital expenditure. The court analyzed the agreement between the parties and concluded that the assessee acquired the goodwill itself in exchange for the payment in instalments, rather than just using the goodwill. Therefore, the court ruled in favor of considering the payment as capital expenditure, directing the assessee to pay the respondent's costs amounting to Rs. 250. en-us Tue, 20 Oct 1953 00:00:00 +0530 Wed, 04 Apr 2018 16:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200561 The High Court of Madras determined that the payment of Rs. 5000 by the assessee to Mr. Sambamurthi constituted capital expenditure. The court analyzed the agreement between the parties and concluded that the assessee acquired the goodwill itself in exchange for the payment in instalments, rather than just using the goodwill. Therefore, the court ruled in favor of considering the payment as capital expenditure, directing the assessee to pay the respondent's costs amounting to Rs. 250. Case-Laws Income Tax Tue, 20 Oct 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200561