sale of self generated good will of CA in practice

Self generated goodwil is taxable

Sec 55 self generated asset like goodwill of business, tenancy right etc. for which cost is not ascertainable, it's cost consider as nil and whole amount liable for CG

But,

Professional goodwill sold out is not liable for CG as per Supreme Court judgement in the case of B.C. Shrinivasa shetty

any reference for supreme court decision on professional goodwill case

Commissioner Of Income Tax, ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
Equivalent citations: 1981 AIR 972, 1981 SCR (2) 938

For read whole judgement go on below link


https://taxpublishers.in/Ency_CM/CM_Judg_Show?128I0294?4