TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Bombay HC rules for appellant-assessee on depreciation of goodwill under Income Tax Act</h1> <h3>Taj Sats Air Catering Limited Versus The Commissioner of Income Tax</h3> The Bombay HC ruled in favor of the appellant-assessee in an appeal under Section 260A of the Income Tax Act, 1961 concerning depreciation on goodwill. ... Whether Appellate Tribunal was justified in holding that depreciation is not allowed on goodwill? - Held NO . See CIT v. Smifs Securities Ltd. [2012 (8) TMI 713 - SUPREME COURT] The Bombay High Court heard an appeal under Section 260A of the Income Tax Act, 1961 regarding depreciation on goodwill. The appeal was admitted based on a substantial question of law. The Court ruled in favor of the appellant-assessee, citing a Supreme Court judgment in a similar case. No costs were awarded.
TaxTMI 
TaxTMI 
