https://www.taxtmi.com/caselaws?id=187649 The Tribunal upheld the CIT(A)'s decision in favor of the assessee on all issues. The assessee was granted depreciation on goodwill, with the Tribunal citing relevant case law to support its decision. The interest subsidy received was classified as a capital receipt due to its purpose of assisting in loan repayment for acquiring capital assets. Additionally, the preliminary expenses claimed by the assessee were allowed under Section 35D of the Act. The Revenue's appeals were dismissed, affirming the CIT(A)'s orders in favor of the assessee. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 01 Nov 2016 18:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187649 The Tribunal upheld the CIT(A)'s decision in favor of the assessee on all issues. The assessee was granted depreciation on goodwill, with the Tribunal citing relevant case law to support its decision. The interest subsidy received was classified as a capital receipt due to its purpose of assisting in loan repayment for acquiring capital assets. Additionally, the preliminary expenses claimed by the assessee were allowed under Section 35D of the Act. The Revenue's appeals were dismissed, affirming the CIT(A)'s orders in favor of the assessee. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187649