https://www.taxtmi.com/caselaws?id=57957 The Tribunal upheld the valuation of goodwill at Rs. 4,32,000, rejecting the assessee's claim of Rs. 5,20,000. Additionally, the excess amount of Rs. 88,000 was treated as short-term capital gains due to the transfer of leasehold rights within three years of acquisition. The Tribunal affirmed the decisions of the Commissioner (Appeals) on both valuation of goodwill and treatment of the excess amount, dismissing the assessee's appeal. en-us Tue, 29 May 1984 00:00:00 +0530 Wed, 15 Dec 2010 16:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57957 The Tribunal upheld the valuation of goodwill at Rs. 4,32,000, rejecting the assessee's claim of Rs. 5,20,000. Additionally, the excess amount of Rs. 88,000 was treated as short-term capital gains due to the transfer of leasehold rights within three years of acquisition. The Tribunal affirmed the decisions of the Commissioner (Appeals) on both valuation of goodwill and treatment of the excess amount, dismissing the assessee's appeal. Case-Laws Income Tax Tue, 29 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57957