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2018 (2) TMI 1925 - AT - Income TaxDepreciation on goodwill - AO has disallowed depreciation on the ground that cost of acquisition of goodwill is NIL and therefore it does not admissible to the assessee - CIT-A allowed the claim - HELD THAT:- Considering judgment of ZYDUS WELLNESS LTD. [2017 (10) TMI 373 - GUJARAT HIGH COURT] and order of the Tribunal in the case of assessee in different assessment years, we are of the view that the assessee is entitled for depreciation on goodwill. CIT(A) has examined all these facts, and thereafter, allowed the depreciation. CIT(A) has rightly appreciated the controversy and no interference is called for in his order. Accordingly, the appeal of the Revenue is dismissed.
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