https://www.taxtmi.com/caselaws?id=37458 On the death of a partner in a continuing partnership, the Calcutta HC noted that the deceased's interest in the firm passed as an interest in the entire undertaking and therefore included goodwill, even where the deed provided that the firm would not dissolve and excluded legal representatives from goodwill. That devolution clause was treated as immaterial for estate duty purposes. The deceased partner's share was thus includible in the estate, and the valuation of that interest had to be made under the statutory estate duty valuation provisions on the basis of the whole partnership share, not by isolating goodwill alone. en-us Fri, 23 Mar 1979 00:00:00 +0530 Mon, 29 Mar 2010 17:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37458 On the death of a partner in a continuing partnership, the Calcutta HC noted that the deceased's interest in the firm passed as an interest in the entire undertaking and therefore included goodwill, even where the deed provided that the firm would not dissolve and excluded legal representatives from goodwill. That devolution clause was treated as immaterial for estate duty purposes. The deceased partner's share was thus includible in the estate, and the valuation of that interest had to be made under the statutory estate duty valuation provisions on the basis of the whole partnership share, not by isolating goodwill alone. Case-Laws Income Tax Fri, 23 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37458