https://www.taxtmi.com/caselaws?id=26827 The Tribunal determined that a portion of the surplus from the sale of a running concern was attributable to goodwill based on future profit estimates, exempt from capital gains tax. The remaining balance was assessed as capital gains related to the sale of movable assets. The Tribunal's valuation of goodwill was upheld, affirming the apportionment of the surplus between movable assets and goodwill. The judgment answered in the affirmative regarding the apportionment and goodwill valuation, resulting in no order as to costs due to the mixed outcome in the references. en-us Tue, 04 Feb 1986 00:00:00 +0530 Mon, 08 Feb 2010 16:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26827 The Tribunal determined that a portion of the surplus from the sale of a running concern was attributable to goodwill based on future profit estimates, exempt from capital gains tax. The remaining balance was assessed as capital gains related to the sale of movable assets. The Tribunal's valuation of goodwill was upheld, affirming the apportionment of the surplus between movable assets and goodwill. The judgment answered in the affirmative regarding the apportionment and goodwill valuation, resulting in no order as to costs due to the mixed outcome in the references. Case-Laws Income Tax Tue, 04 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26827