Commissioner of Income Tax vs J. Cowasjee Nilgiriya

Commissioner of Income Tax vs J. Cowasjee Nilgiriya nlr vol 63 page 176 [63 NLR 176] – In Commissioner of Income Tax v. J. Cowasjee Nilgiriy, the court addressed whether a monthly payment of ₤50, made under an agreement for the purchase of a deceased partner’s goodwill, should be classi