https://www.taxtmi.com/caselaws?id=284513 The Tribunal allowed the appellant's appeal against the disallowance of depreciation on goodwill/customer list as an intangible asset for AY 2011-12. Relying on Sec.32 and precedent cases, the Tribunal recognized customer-related intangible assets as eligible for depreciation. Grounds 2 to 2.5 of the appeal were allowed, partially granting relief to the appellant. The decision was issued in open court on November 15, 2017, in Chennai. en-us Wed, 15 Nov 2017 00:00:00 +0530 Fri, 22 Nov 2019 17:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284513 The Tribunal allowed the appellant's appeal against the disallowance of depreciation on goodwill/customer list as an intangible asset for AY 2011-12. Relying on Sec.32 and precedent cases, the Tribunal recognized customer-related intangible assets as eligible for depreciation. Grounds 2 to 2.5 of the appeal were allowed, partially granting relief to the appellant. The decision was issued in open court on November 15, 2017, in Chennai. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284513