Found a good article on the use of goto statements in the languages while, I was following up with posts on stack overflow. Here is a stack overflow post named Goto still considered harmful. It has some interesting discussion but I also found two articles by two great computer scientists discussing it in detail.
- Dijkstra's Letters to the editor: go to statement considered harmful
- Structured Programming with go to Statements
Linus (Linux Fame) also had something to share on goto here