https://www.taxtmi.com/caselaws?id=290713 The ITAT dismissed the Revenue's appeal for A.Y. 2009-10, upholding the CIT(A)'s decisions on both issues. The Tribunal confirmed the deletion of disallowance of excess depreciation claim under section 43(1) and allowed depreciation on goodwill, aligning with previous Tribunal decisions and the Apex Court's judgment in Smifs Securities Ltd. en-us Wed, 15 Mar 2017 00:00:00 +0530 Wed, 13 Nov 2024 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290713 The ITAT dismissed the Revenue's appeal for A.Y. 2009-10, upholding the CIT(A)'s decisions on both issues. The Tribunal confirmed the deletion of disallowance of excess depreciation claim under section 43(1) and allowed depreciation on goodwill, aligning with previous Tribunal decisions and the Apex Court's judgment in Smifs Securities Ltd. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290713