https://www.taxtmi.com/caselaws?id=266155 The appeal was allowed by the Tribunal regarding the disallowance of depreciation claimed on payments made towards intangible assets (Goodwill) and in respect of the Tudou plant. The Tribunal directed the Assessing Officer to allow depreciation on Goodwill as per a Supreme Court decision, emphasizing that if any part of the plant and machinery is used during the assessment year, depreciation is eligible for that block. Consequently, the Assessee was entitled to depreciation for the operational dry plant within the block of assets, leading to the allowance of the appeal on both issues. en-us Tue, 09 Jun 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266155 The appeal was allowed by the Tribunal regarding the disallowance of depreciation claimed on payments made towards intangible assets (Goodwill) and in respect of the Tudou plant. The Tribunal directed the Assessing Officer to allow depreciation on Goodwill as per a Supreme Court decision, emphasizing that if any part of the plant and machinery is used during the assessment year, depreciation is eligible for that block. Consequently, the Assessee was entitled to depreciation for the operational dry plant within the block of assets, leading to the allowance of the appeal on both issues. Case-Laws Income Tax Tue, 09 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266155