https://www.taxtmi.com/caselaws?id=379027 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim for depreciation on goodwill amounting to Rs. 93,75,000. The Tribunal considered the strategic business expansion, increased market share, and commercial benefits from acquiring an established business. It referenced judicial precedents supporting depreciation on goodwill and dismissed the Revenue's appeal, affirming the validity of the depreciation claim. en-us Wed, 27 Mar 2019 00:00:00 +0530 Thu, 25 Apr 2019 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379027 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim for depreciation on goodwill amounting to Rs. 93,75,000. The Tribunal considered the strategic business expansion, increased market share, and commercial benefits from acquiring an established business. It referenced judicial precedents supporting depreciation on goodwill and dismissed the Revenue's appeal, affirming the validity of the depreciation claim. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379027