https://www.taxtmi.com/caselaws?id=15835 Goodwill for estate duty is to be valued as on the date of death using recognised profit-based methods, and later profits or losses cannot be brought into the computation of average profits. The court accepted that the super profits method and a three-times multiplier were reasonable on the facts, treating the choice of multiplier as a factual determination rather than a substantial question of law. The loss occurring after death was therefore irrelevant to valuation. The reference was answered against the accountable person, and the goodwill valuation was sustained. en-us Mon, 20 Sep 1999 00:00:00 +0530 Sat, 29 Aug 2009 13:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15835 Goodwill for estate duty is to be valued as on the date of death using recognised profit-based methods, and later profits or losses cannot be brought into the computation of average profits. The court accepted that the super profits method and a three-times multiplier were reasonable on the facts, treating the choice of multiplier as a factual determination rather than a substantial question of law. The loss occurring after death was therefore irrelevant to valuation. The reference was answered against the accountable person, and the goodwill valuation was sustained. Case-Laws Income Tax Mon, 20 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15835