https://www.taxtmi.com/caselaws?id=255222 The Tribunal upheld the reassessment under Section 147/148 but allowed the assessee's claim for depreciation on intangible assets recorded as goodwill for both assessment years. The appeals were partly allowed, with specific grounds related to the disallowance of depreciation being decided in favor of the assessee. The Tribunal directed the Assessing Officer to allow the depreciation claims in line with the judicial precedents and the Supreme Court's decision in CIT Vs. SMIFS Securities Limited. en-us Mon, 29 Apr 2013 00:00:00 +0530 Mon, 12 Jan 2015 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255222 The Tribunal upheld the reassessment under Section 147/148 but allowed the assessee's claim for depreciation on intangible assets recorded as goodwill for both assessment years. The appeals were partly allowed, with specific grounds related to the disallowance of depreciation being decided in favor of the assessee. The Tribunal directed the Assessing Officer to allow the depreciation claims in line with the judicial precedents and the Supreme Court's decision in CIT Vs. SMIFS Securities Limited. Case-Laws Income Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255222