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2022 (8) TMI 901 - AT - Income TaxDepreciation on goodwill u/s 32(1)(ii) - Whether goodwill does not qualify as ‘business or commercial rights’ as envisaged under section 32(1)(ii) ? - HELD THAT:- Respectfully following the decision of the Tribunal in assessee’s own case for immediately preceding four AYs [2021 (3) TMI 683 - ITAT DELHI] and [2022 (1) TMI 424 - ITAT DELHI] in the absence of any adverse material brought on record, we set aside the order of the Ld. CIT(A) and direct the Ld. AO to allow depreciation on goodwill. Appeal of assessee allowed.
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