https://www.taxtmi.com/caselaws?id=121274 The Tribunal held that goodwill qualifies as an intangible asset under section 32(1)(ii) of the Income-tax Act and is eligible for depreciation. The decision of the CIT(A) to disallow depreciation on goodwill was overturned, allowing the appeal of the assessee and granting depreciation on goodwill. en-us Thu, 06 Aug 2009 00:00:00 +0530 Sun, 03 Sep 2023 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121274 The Tribunal held that goodwill qualifies as an intangible asset under section 32(1)(ii) of the Income-tax Act and is eligible for depreciation. The decision of the CIT(A) to disallow depreciation on goodwill was overturned, allowing the appeal of the assessee and granting depreciation on goodwill. Case-Laws Income Tax Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121274