https://www.taxtmi.com/caselaws?id=22193 The court held that the amount received by the assessee for relinquishing a portion of his share in the goodwill of the firm did not constitute capital gains subject to tax. The Tribunal's decision to exclude the sum from taxable capital gains was upheld, ruling in favor of the assessee and against the Revenue. en-us Thu, 31 Jan 1991 00:00:00 +0530 Tue, 08 Dec 2009 10:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22193 The court held that the amount received by the assessee for relinquishing a portion of his share in the goodwill of the firm did not constitute capital gains subject to tax. The Tribunal's decision to exclude the sum from taxable capital gains was upheld, ruling in favor of the assessee and against the Revenue. Case-Laws Income Tax Thu, 31 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22193