https://www.taxtmi.com/caselaws?id=59257 The Tribunal dismissed the appeal, affirming the decision to delete the addition of Rs. 18,000 representing the deceased partner's share of goodwill in the firm. It was held that there was no substantial goodwill associated with the firm that passed upon the partner's death, as the business was entirely discontinued at the residence and the surviving partner had started a similar business elsewhere. The Tribunal agreed with the Appellate Controller's decision, emphasizing the lack of goodwill transfer due to the cessation of operations at the location. en-us Fri, 30 Jan 1981 00:00:00 +0530 Mon, 27 Dec 2010 15:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59257 The Tribunal dismissed the appeal, affirming the decision to delete the addition of Rs. 18,000 representing the deceased partner's share of goodwill in the firm. It was held that there was no substantial goodwill associated with the firm that passed upon the partner's death, as the business was entirely discontinued at the residence and the surviving partner had started a similar business elsewhere. The Tribunal agreed with the Appellate Controller's decision, emphasizing the lack of goodwill transfer due to the cessation of operations at the location. Case-Laws Income Tax Fri, 30 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59257