https://www.taxtmi.com/caselaws?id=27118 Goodwill transferred in a business acquisition was treated as a self-generating asset with no ascertainable cost of acquisition. The High Court and Supreme Court authorities relied on in the text support the principle that, where no cost can be attributed to goodwill, it does not enter the computation of capital gains under the statutory scheme. On that basis, the amount brought to tax as capital gains was deleted and the issue was decided in favour of the assessee and against the Revenue. en-us Mon, 27 Jun 1983 00:00:00 +0530 Wed, 10 Feb 2010 17:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27118 Goodwill transferred in a business acquisition was treated as a self-generating asset with no ascertainable cost of acquisition. The High Court and Supreme Court authorities relied on in the text support the principle that, where no cost can be attributed to goodwill, it does not enter the computation of capital gains under the statutory scheme. On that basis, the amount brought to tax as capital gains was deleted and the issue was decided in favour of the assessee and against the Revenue. Case-Laws Income Tax Mon, 27 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27118