https://www.taxtmi.com/caselaws?id=284756 Sale of the goodwill of a going concern at the business premises was treated as including the right to occupy the shop room as a monthly tenant. The sale proclamation and sale orders showed that what was sold was not confined to furniture and stock-in-trade, but the business goodwill attached to the very locality from which trade was conducted. On the facts, the shop room formed part of the commercial value sold, and the realisation of price supported that construction. Because the sale was not set aside through the available procedural remedy, its scope could not later be denied. The purchaser accordingly acquired the tenancy or right of occupation. en-us Fri, 30 Nov 1956 00:00:00 +0530 Mon, 09 Dec 2019 15:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284756 Sale of the goodwill of a going concern at the business premises was treated as including the right to occupy the shop room as a monthly tenant. The sale proclamation and sale orders showed that what was sold was not confined to furniture and stock-in-trade, but the business goodwill attached to the very locality from which trade was conducted. On the facts, the shop room formed part of the commercial value sold, and the realisation of price supported that construction. Because the sale was not set aside through the available procedural remedy, its scope could not later be denied. The purchaser accordingly acquired the tenancy or right of occupation. Case-Laws Indian Laws Fri, 30 Nov 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284756