https://www.taxtmi.com/caselaws?id=347965 The Tribunal upheld the decision of the ld. CIT (A) allowing depreciation on Goodwill under section 32 of the Income-tax Act, 1961. Citing precedent and the nature of Goodwill as an intangible property right, the Tribunal dismissed the Revenue's appeal, affirming that Goodwill qualifies for depreciation as per law. The order was pronounced on August 30, 2017. en-us Wed, 30 Aug 2017 00:00:00 +0530 Thu, 14 Sep 2017 08:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347965 The Tribunal upheld the decision of the ld. CIT (A) allowing depreciation on Goodwill under section 32 of the Income-tax Act, 1961. Citing precedent and the nature of Goodwill as an intangible property right, the Tribunal dismissed the Revenue's appeal, affirming that Goodwill qualifies for depreciation as per law. The order was pronounced on August 30, 2017. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347965