https://www.taxtmi.com/caselaws?id=258837 The Tribunal upheld the CIT(A)'s decisions on depreciation of goodwill, building repair expenses, and disallowance under Section 14A of the Income-tax Act. The Tribunal confirmed that goodwill qualifies as an intangible asset for depreciation, allowed building repair expenses as necessary, and deleted disallowances under Section 14A due to lack of evidence linking borrowed funds to exempt income. The Revenue's appeal was dismissed, and the Tribunal's decision was pronounced on June 20, 2014, in Ahmedabad. en-us Fri, 20 Jun 2014 00:00:00 +0530 Tue, 21 Apr 2015 19:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258837 The Tribunal upheld the CIT(A)'s decisions on depreciation of goodwill, building repair expenses, and disallowance under Section 14A of the Income-tax Act. The Tribunal confirmed that goodwill qualifies as an intangible asset for depreciation, allowed building repair expenses as necessary, and deleted disallowances under Section 14A due to lack of evidence linking borrowed funds to exempt income. The Revenue's appeal was dismissed, and the Tribunal's decision was pronounced on June 20, 2014, in Ahmedabad. Case-Laws Income Tax Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258837