1984 (9) TMI 133

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.... No goodwill in respect of the firm was declared in the account of the estate on the plea that the deceased had retired from the firm before her death. In support of this contention a copy of the order of the Tribunal of Jaipur Bench in Appeal No. EDA 12/JP/1979 was filed. The Asstt. CED did not accept this contention and held that the deceased made a gift of her share of goodwill which will be de....

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....he Tribunal for Jaipur Bench in the case of Siremalji Nawlkha vs. Asstt. CED (1980) 10 TTJ 401 (Jp) for the proposition that where the deceased had retire from a firm about 3 month before his death and after retirement the remaining partners had taken over the assets and liabilities of the firm, there is no right of good-will which could be included in the estate of the deceased passing on death. ....