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2015 (1) TMI 402 - HC - Income TaxDisallowance of depreciation on goodwill - whether the respondent-assessee was entitled to depreciation on intangible assets - Held that:- specified intangible assets acquired under slump sale agreement were in the nature of “business or commercial rights of similar nature” specified in Section 32(1)(ii) of the Act and were accordingly eligible for depreciation under that Section - Following decision of reva T and D India Ltd. vs. Deputy Commissioner of Income Tax [2012 (4) TMI 79 - DELHI HIGH COURT] - Decided against Revenue.
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