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2015 (1) TMI 421 - AT - Income TaxDepreciation on Goodwill/intangible assets - Disllowance on the ground that valuer while bifurcating the figure of total consideration had separately assigned a value to the intangible assets representing specific intellectual property rights in the form of 'brands', and also assigned values to the tangible assets, and the balance 'slump' price, which could not be allocated to any other specific tangible or intangible asset, was given a consolidated value as goodwill acquired by the company - held that:- facts of the present case are identical to the facts in assessment year 2008-09 wherein the assessee in addition to the earlier acquisition of Animal Health Care and Diagnostics Business of Ranbaxy Laboratories Ltd. had further acquired entire biomed division of Wipro Ltd. and entire Medical Diagnostics business of Godrej Industries. - Following decision of assessee's own previous case [2013 (9) TMI 188 - ITAT CHANDIGARH] - Decided in favour of assesse.
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