https://www.taxtmi.com/caselaws?id=206409 The Tribunal upheld the CIT(A)'s decision, allowing depreciation on Technical Proprietary Information and Pre-qualification Rights, rejecting the Revenue's argument that these assets constituted 'goodwill'. The Tribunal found the business valuation report by M/s. Ernst & Young Pvt. Ltd. valid and concluded that the transaction was genuine, not a paper maneuver. Consequently, all Revenue appeals were dismissed. en-us Wed, 20 Apr 2011 00:00:00 +0530 Mon, 31 Oct 2011 07:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206409 The Tribunal upheld the CIT(A)'s decision, allowing depreciation on Technical Proprietary Information and Pre-qualification Rights, rejecting the Revenue's argument that these assets constituted 'goodwill'. The Tribunal found the business valuation report by M/s. Ernst & Young Pvt. Ltd. valid and concluded that the transaction was genuine, not a paper maneuver. Consequently, all Revenue appeals were dismissed. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206409