Bhavanasi Yella Rao,, vs The Acit,, Vijayawada on 8 November, 2017
M/s Cresa Financial Services Pvt. Ltd., Rajahmundry
4.3.3. In this regard, it is relevant to understand what constitutes
goodwill. The Hon'ble High Court of Delhi in the case of Areva T&D
India Ltd. & Ors, Vs. DCIT (345 ITR 421) has discussed the nature of
goodwill and the relevant discussion is extracted as under :