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2015 (10) TMI 1613 - AT - Income TaxDisallowance of depreciation on goodwill - Held that:- Respectfully following the decision of CIT Vs. SMIFS Securities [2012 (8) TMI 713 - SUPREME COURT] wherein the doctrin of ejusdem generic is applied and held that the Goodwill is of like nature of intangible asset as prescribed, therefore, we hereby hold that under the totality of the facts and circumstances of the case the assessee is entitled for the claim of depreciation on the DWV of the goodwill for the year under consideration. - Decided in favour of assessee.
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