Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (10) TMI 879 - AT - Income TaxAllowability of depreciation on goodwill - Held that:- The issue of allowability of depreciation on goodwill should be decided in favour of the assessee. As such, Revenue has not bought any contrary material to suggest that the claim of depreciation on goodwill is not genuine and the same is not eligible for depreciation. See Smifs Securities Limited [2012 (8) TMI 713 - SUPREME COURT] - Decided in favour of assessee.
|