https://www.taxtmi.com/caselaws?id=205153 The Tribunal upheld the decision that the assessee was entitled to depreciation on intangible assets, specifically business and commercial brand equity. The appeals by the revenue were dismissed, as the Tribunal found no merit in the revenue's arguments. Regarding the validity of reassessment proceedings initiated under section 147 for earlier assessment years, since the Tribunal confirmed the assessee's entitlement to depreciation on intangible assets, the reassessment proceedings were deemed irrelevant and dismissed as infructuous. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 22 Jul 2011 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205153 The Tribunal upheld the decision that the assessee was entitled to depreciation on intangible assets, specifically business and commercial brand equity. The appeals by the revenue were dismissed, as the Tribunal found no merit in the revenue's arguments. Regarding the validity of reassessment proceedings initiated under section 147 for earlier assessment years, since the Tribunal confirmed the assessee's entitlement to depreciation on intangible assets, the reassessment proceedings were deemed irrelevant and dismissed as infructuous. Case-Laws Income Tax Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205153