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1 - 10 of 11 (0.25 seconds)Section 5 in Estate Duty act, 1953 [Entire Act]
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
In CIT v. B. C. Srinivasa Setty [1981] 128 ITR 294, a three-judge Bench of the Supreme Court discussed the concept of "goodwill" and observed (page 298) :
Commissioner Of Income-Tax, W.B. Iii vs Chunilal Prabhudas & Co. (Defunct Firm) on 11 September, 1969
In CIT v. Chunital Prabhudas and Co. [1970] 76 ITR 566, the Calcutta High Court reviewed the different approaches to the concept (pages 577, 578) :
State vs Prem Nath on 25 October, 1976
In CED v. Mrudula Nareshchandra [1986] 160 ITR 342 (SC), their Lordships analysed the provisions of the Partnership Act, 1932, as well as the Estate Duty Act, 1953, and approved the views expressed by the Full Bench of this court in Prem Nath's case [1977] 106 ITR 446, as well as those expressed by the Calcutta, Gauhati and Madras High Courts.
Section 9 in Estate Duty act, 1953 [Entire Act]
Section 36 in Estate Duty act, 1953 [Entire Act]
Section 14 in The Indian Partnership Act, 1932 [Entire Act]
Khushal Khemgar Shah & Ors vs Khorshed Banu Dadiba Boatwalla And Anr on 12 February, 1970
5. Section 14 of the Partnership Act, 1932, states that, subject to contract between the partners, the property of the firm includes the goodwill of the business. It can thus be said that the goodwill of the business is the property of the firm. This is also the view expressed by the Supreme Court in Khushal Khemgar Shah v. Mrs. Khorshed Banu Dadiba Boatwalla, AIR 1970 SC 1147.