https://www.taxtmi.com/caselaws?id=436713 The Tribunal allowed the assessee's appeal regarding the depreciation on goodwill for the assessment years 2013-14, 2014-15, and 2015-16, holding that the goodwill was acquired through demerger and eligible for depreciation under section 32(1) of the Income Tax Act. Additionally, the Tribunal directed the AO to delete the disallowance made under section 14A read with Rule 8D for the assessment year 2015-16 due to the absence of exempt income. The Revenue's appeal for the assessment year 2015-16 was dismissed. en-us Wed, 12 Apr 2023 00:00:00 +0530 Tue, 18 Apr 2023 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436713 The Tribunal allowed the assessee's appeal regarding the depreciation on goodwill for the assessment years 2013-14, 2014-15, and 2015-16, holding that the goodwill was acquired through demerger and eligible for depreciation under section 32(1) of the Income Tax Act. Additionally, the Tribunal directed the AO to delete the disallowance made under section 14A read with Rule 8D for the assessment year 2015-16 due to the absence of exempt income. The Revenue's appeal for the assessment year 2015-16 was dismissed. Case-Laws Income Tax Wed, 12 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436713