https://www.taxtmi.com/caselaws?id=308099 The Tribunal allowed the appellant's claim for depreciation on goodwill, citing the Supreme Court's judgment in Smifs Securities Limited. The A.O was directed to permit depreciation on the goodwill amount capitalized in the financial statements. The CIT(A)'s decision was overturned, and the matter was remanded to the A.O for compliance with the Tribunal's ruling. The appellant succeeded on the issue of depreciation on goodwill. en-us Fri, 10 Jan 2020 00:00:00 +0530 Tue, 30 May 2023 21:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308099 The Tribunal allowed the appellant's claim for depreciation on goodwill, citing the Supreme Court's judgment in Smifs Securities Limited. The A.O was directed to permit depreciation on the goodwill amount capitalized in the financial statements. The CIT(A)'s decision was overturned, and the matter was remanded to the A.O for compliance with the Tribunal's ruling. The appellant succeeded on the issue of depreciation on goodwill. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308099