https://www.taxtmi.com/caselaws?id=57156 Goodwill of a partnership business was treated as not passing on the death of a partner where the firm consisted only of the deceased and his son, the firm stood dissolved on death, and the dealership linked to the business also ended. The business was not carried on in the same form thereafter; instead, the surviving family members entered into a fresh partnership and obtained a new dealership under a new arrangement. In that setting, any goodwill in the earlier business ceased with dissolution and termination of the dealership and did not devolve on the surviving partner or legal heirs. The amount was therefore excluded from the estate chargeable to duty and the addition was deleted. en-us Wed, 25 Feb 1981 00:00:00 +0530 Wed, 08 Dec 2010 16:30:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57156 Goodwill of a partnership business was treated as not passing on the death of a partner where the firm consisted only of the deceased and his son, the firm stood dissolved on death, and the dealership linked to the business also ended. The business was not carried on in the same form thereafter; instead, the surviving family members entered into a fresh partnership and obtained a new dealership under a new arrangement. In that setting, any goodwill in the earlier business ceased with dissolution and termination of the dealership and did not devolve on the surviving partner or legal heirs. The amount was therefore excluded from the estate chargeable to duty and the addition was deleted. Case-Laws Income Tax Wed, 25 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57156