https://www.taxtmi.com/caselaws?id=194760 The Tribunal ruled in favor of the appellant, M/s. Controls & Switchgear Contractors Limited, allowing the appeal against the disallowance of depreciation on goodwill for the assessment year 2007-08. The Tribunal held that 'Type Test Certification Fees' and 'Customer Approval Fees' were considered intangible assets eligible for depreciation under Section 32(1)(ii) of the Income Tax Act. The Commissioner of Income Tax (Appeals) was found to have erred in upholding the disallowance, leading to the decision in favor of the appellant. en-us Wed, 22 Jun 2016 00:00:00 +0530 Mon, 25 Sep 2017 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194760 The Tribunal ruled in favor of the appellant, M/s. Controls & Switchgear Contractors Limited, allowing the appeal against the disallowance of depreciation on goodwill for the assessment year 2007-08. The Tribunal held that 'Type Test Certification Fees' and 'Customer Approval Fees' were considered intangible assets eligible for depreciation under Section 32(1)(ii) of the Income Tax Act. The Commissioner of Income Tax (Appeals) was found to have erred in upholding the disallowance, leading to the decision in favor of the appellant. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194760