https://www.taxtmi.com/caselaws?id=18377 A deceased partner's interest in a firm includes goodwill as an asset attached to the business, so its value forms part of the principal value of the estate under the Estate Duty Act, 1953. Applying that principle, the Gauhati HC held that the deceased partner's 30 per cent share in the firm's goodwill was includible in the estate for duty purposes, and the earlier deletion of the goodwill component was not justified. The question was answered in favour of the Revenue and against the assessee. en-us Mon, 10 Jun 1996 00:00:00 +0530 Wed, 30 Sep 2009 14:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18377 A deceased partner's interest in a firm includes goodwill as an asset attached to the business, so its value forms part of the principal value of the estate under the Estate Duty Act, 1953. Applying that principle, the Gauhati HC held that the deceased partner's 30 per cent share in the firm's goodwill was includible in the estate for duty purposes, and the earlier deletion of the goodwill component was not justified. The question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Mon, 10 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18377