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2011 (7) TMI 1351 - ITAT MUMBAI
Extract:
.......rt of sub-clause (ii) of Sec. 32(1) and so much so, goodwill is covered by the above provisions of Act entitling the assessee for depreciation.” Respectfully following the above decision, we allow this ground raised by the assessee. 25. In the result, the appeal filed by the assessee is allowed. Order pronounced on this 29th day of July, 2011