https://www.taxtmi.com/caselaws?id=178170 The Tribunal upheld the CIT(A)'s decision to allow depreciation on the reduced Intellectual Property Rights (IPR) value and affirmed the reduction of goodwill from the total IPR value. The issue of software development expenditure was restored to the Assessing Officer for re-evaluation as per Special Bench guidelines. The appeals were partly allowed, providing a balanced resolution to the contested issues. en-us Wed, 30 Sep 2009 00:00:00 +0530 Sat, 23 Sep 2023 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178170 The Tribunal upheld the CIT(A)'s decision to allow depreciation on the reduced Intellectual Property Rights (IPR) value and affirmed the reduction of goodwill from the total IPR value. The issue of software development expenditure was restored to the Assessing Officer for re-evaluation as per Special Bench guidelines. The appeals were partly allowed, providing a balanced resolution to the contested issues. Case-Laws Income Tax Wed, 30 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178170