https://www.taxtmi.com/caselaws?id=15778 For estate duty purposes, a retiring partner's exclusion from partnership goodwill does not by itself prevent inclusion of that goodwill in the deceased partner's estate; a clause barring individual transmission to heirs is not enough on its own. However, section 9 of the Estate Duty Act applies only where a disposition within two years of death is shown to be not bona fide. Where retirement was compelled by sickness and disability, and the exclusion from goodwill arose from an existing partnership term rather than a tax-avoidance device, the statutory condition for section 9 was not met, so inclusion on that basis failed. en-us Fri, 09 Apr 1999 00:00:00 +0530 Sat, 29 Aug 2009 10:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15778 For estate duty purposes, a retiring partner's exclusion from partnership goodwill does not by itself prevent inclusion of that goodwill in the deceased partner's estate; a clause barring individual transmission to heirs is not enough on its own. However, section 9 of the Estate Duty Act applies only where a disposition within two years of death is shown to be not bona fide. Where retirement was compelled by sickness and disability, and the exclusion from goodwill arose from an existing partnership term rather than a tax-avoidance device, the statutory condition for section 9 was not met, so inclusion on that basis failed. Case-Laws Income Tax Fri, 09 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15778