https://www.taxtmi.com/caselaws?id=272001 The Tribunal allowed depreciation on goodwill and expenditure capitalized as revenue expenditure, as well as additional depreciation on new machinery. However, it upheld the disallowance of depreciation on the amount paid for infrastructure development to SIPCOT, as the assets were not owned by the assessee. The decision was pronounced on 19th February 2016 in Chennai. en-us Fri, 19 Feb 2016 00:00:00 +0530 Wed, 24 Feb 2016 07:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272001 The Tribunal allowed depreciation on goodwill and expenditure capitalized as revenue expenditure, as well as additional depreciation on new machinery. However, it upheld the disallowance of depreciation on the amount paid for infrastructure development to SIPCOT, as the assets were not owned by the assessee. The decision was pronounced on 19th February 2016 in Chennai. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272001