https://www.taxtmi.com/caselaws?id=261648 The Tribunal upheld the CIT(A)'s decision, confirming that the issuance of shares as part of the acquisition cost qualifies for depreciation. Even if considered as goodwill, it is eligible for depreciation under Section 32. The appeals of the Revenue were dismissed, affirming the CIT(A)'s orders for both years. en-us Wed, 10 Jun 2015 00:00:00 +0530 Sat, 18 Jul 2015 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261648 The Tribunal upheld the CIT(A)'s decision, confirming that the issuance of shares as part of the acquisition cost qualifies for depreciation. Even if considered as goodwill, it is eligible for depreciation under Section 32. The appeals of the Revenue were dismissed, affirming the CIT(A)'s orders for both years. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261648