https://www.taxtmi.com/caselaws?id=308119 The Tribunal upheld the CIT(A)'s decision to allow depreciation on goodwill, citing judicial consistency and legal provisions. The Tribunal emphasized that depreciation on goodwill is permissible under Section 32(1) of the Income Tax Act, supported by relevant case law. The Revenue's appeal was dismissed, and the CIT(A)'s decision to delete the disallowance of depreciation on goodwill was upheld. en-us Tue, 31 Dec 2019 00:00:00 +0530 Wed, 31 May 2023 09:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308119 The Tribunal upheld the CIT(A)'s decision to allow depreciation on goodwill, citing judicial consistency and legal provisions. The Tribunal emphasized that depreciation on goodwill is permissible under Section 32(1) of the Income Tax Act, supported by relevant case law. The Revenue's appeal was dismissed, and the CIT(A)'s decision to delete the disallowance of depreciation on goodwill was upheld. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308119