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2015 (7) TMI 1342 - AT - Income TaxDepreciation on goodwill being intangible assets - HELD THAT:- We find from the record that the assessee has rightly claimed depreciation on goodwill being intangible assets. We also find from the record that similar issue was raised by the assessee in the assessment year 2008-09, which was decided in favour of the assessee and thus, the issue is squarely covered in favour of the assessee by its own case in the earlier years. FAA for the assessment year 2008-09 decided in favour of the assessee holding that the assessee was entitled to depreciation on goodwill by following the decision of Apex Court in the case of Smifs Securities Ltd [2012 (8) TMI 713 - SUPREME COURT]. We, therefore, are of the considered opinion that the case of the assessee stands covered by the earlier decision by the order of FAA - Decided against revenue.
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