https://www.taxtmi.com/caselaws?id=203250 The Tribunal dismissed the disallowance of expenditure incurred for units of two companies. Regarding the claim of depreciation on goodwill, the Tribunal partially allowed the appeal, directing the Assessing Officer to allow depreciation on 50% of the cost of goodwill attributable to commercial rights, as it was considered akin to specified intangible assets eligible for depreciation. en-us Tue, 21 Dec 2010 00:00:00 +0530 Fri, 24 Aug 2012 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203250 The Tribunal dismissed the disallowance of expenditure incurred for units of two companies. Regarding the claim of depreciation on goodwill, the Tribunal partially allowed the appeal, directing the Assessing Officer to allow depreciation on 50% of the cost of goodwill attributable to commercial rights, as it was considered akin to specified intangible assets eligible for depreciation. Case-Laws Income Tax Tue, 21 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203250