https://www.taxtmi.com/caselaws?id=249376 The Tribunal acknowledged an oversight in not adjudicating grounds related to the valuation of goodwill and depreciation on goodwill in a tax matter. After reconsideration, following Supreme Court decisions allowing depreciation on goodwill as an intangible asset, the Tribunal allowed the claim for depreciation on goodwill. The decision was made in favor of the assessee, emphasizing the need to align with established legal principles. en-us Fri, 06 Jun 2014 00:00:00 +0530 Sat, 12 Jul 2014 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249376 The Tribunal acknowledged an oversight in not adjudicating grounds related to the valuation of goodwill and depreciation on goodwill in a tax matter. After reconsideration, following Supreme Court decisions allowing depreciation on goodwill as an intangible asset, the Tribunal allowed the claim for depreciation on goodwill. The decision was made in favor of the assessee, emphasizing the need to align with established legal principles. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249376