1977 (11) TMI 40

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....eceased partner. Out of this amount, Rs. 32,500 were paid on account of goodwill. The tribunal has held that this expenditure incurred was in the nature of revenue expense. The Commissioner of Income-tax has come up with a prayer that we should direct the Tribunal to state the case for our decision. The learned counsel for the respondents has placed reliance upon Devidas Vithaldas & Co. v. Commiss....