https://www.taxtmi.com/caselaws?id=248757 The Tribunal allowed the assessee's claim for depreciation on the value of goodwill, holding that goodwill is an asset eligible for depreciation under section 32(1). The disallowance under section 14A read with Rule 8D was not pressed by the assessee and was dismissed. The admission of a fresh valuation report as additional evidence was upheld, with the Tribunal emphasizing the entitlement to depreciation on the total value of intangible assets. The disallowance of employees' contribution to provident fund was also dismissed, with the Tribunal ruling in favor of the assessee. The appeals filed by the Assessee were partly allowed, and those of the Revenue were dismissed. en-us Tue, 03 Jun 2014 00:00:00 +0530 Mon, 23 Jun 2014 22:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248757 The Tribunal allowed the assessee's claim for depreciation on the value of goodwill, holding that goodwill is an asset eligible for depreciation under section 32(1). The disallowance under section 14A read with Rule 8D was not pressed by the assessee and was dismissed. The admission of a fresh valuation report as additional evidence was upheld, with the Tribunal emphasizing the entitlement to depreciation on the total value of intangible assets. The disallowance of employees' contribution to provident fund was also dismissed, with the Tribunal ruling in favor of the assessee. The appeals filed by the Assessee were partly allowed, and those of the Revenue were dismissed. Case-Laws Income Tax Tue, 03 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248757