https://www.taxtmi.com/highlights?id=77170 Disallowance of depreciation claimed on the “Goodwill” - The Tribunal reiterated its earlier decision and held that the assessee was entitled to claim depreciation on "Goodwill" arising from the amalgamation, following the precedent set in its own case. Since the year under consideration was the second year of the claim for depreciation on "Goodwill," it was deemed academic to determine eligibility, as depreciation was to be calculated on the opening Written Down Value (WDV) of the asset. en-us Mon, 06 May 2024 16:31:48 +0530 Mon, 06 May 2024 16:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77170 Disallowance of depreciation claimed on the “Goodwill” - The Tribunal reiterated its earlier decision and held that the assessee was entitled to claim depreciation on "Goodwill" arising from the amalgamation, following the precedent set in its own case. Since the year under consideration was the second year of the claim for depreciation on "Goodwill," it was deemed academic to determine eligibility, as depreciation was to be calculated on the opening Written Down Value (WDV) of the asset. Highlights Income Tax Mon, 06 May 2024 16:31:48 +0530 https://www.taxtmi.com/highlights?id=77170