https://www.taxtmi.com/caselaws?id=405434 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision to allow depreciation for the acquisition cost of the bank. The judgment emphasized the eligibility of certain intangible assets for depreciation under section 32(1)(ii) of the Income Tax Act, distinguishing between intellectual property rights and business or commercial rights. en-us Fri, 05 Mar 2021 00:00:00 +0530 Sat, 20 Mar 2021 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405434 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision to allow depreciation for the acquisition cost of the bank. The judgment emphasized the eligibility of certain intangible assets for depreciation under section 32(1)(ii) of the Income Tax Act, distinguishing between intellectual property rights and business or commercial rights. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405434