https://www.taxtmi.com/caselaws?id=179052 The Appellate Tribunal ITAT Ahmedabad allowed the appeal of the assessee against the disallowance of depreciation on intangible assets, specifically goodwill, for the assessment year 2007-2008. Citing the decision in CIT Vs. Smifs Securities Ltd., the Tribunal ruled in favor of the assessee, emphasizing the entitlement to claim depreciation on goodwill as an intangible asset. The appeal was allowed, and the judgment was pronounced in Open Court on the specified date. en-us Fri, 27 Jun 2014 00:00:00 +0530 Fri, 19 Feb 2016 10:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179052 The Appellate Tribunal ITAT Ahmedabad allowed the appeal of the assessee against the disallowance of depreciation on intangible assets, specifically goodwill, for the assessment year 2007-2008. Citing the decision in CIT Vs. Smifs Securities Ltd., the Tribunal ruled in favor of the assessee, emphasizing the entitlement to claim depreciation on goodwill as an intangible asset. The appeal was allowed, and the judgment was pronounced in Open Court on the specified date. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179052