https://www.taxtmi.com/caselaws?id=284523 The Tribunal allowed the appeal, ruling in favor of the assessee's claim for depreciation on intangible assets, including goodwill and customer lists. The decision was based on the interpretation of relevant legal provisions and precedents, recognizing goodwill and customer lists as falling under the definition of intangible assets. The Tribunal emphasized the legislative intent supporting such claims and overturned the disallowance made by the lower authorities, allowing the assessee to claim depreciation on goodwill for the assessment years in question. en-us Thu, 26 Jul 2018 00:00:00 +0530 Mon, 28 Dec 2020 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284523 The Tribunal allowed the appeal, ruling in favor of the assessee's claim for depreciation on intangible assets, including goodwill and customer lists. The decision was based on the interpretation of relevant legal provisions and precedents, recognizing goodwill and customer lists as falling under the definition of intangible assets. The Tribunal emphasized the legislative intent supporting such claims and overturned the disallowance made by the lower authorities, allowing the assessee to claim depreciation on goodwill for the assessment years in question. Case-Laws Income Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284523