https://www.taxtmi.com/caselaws?id=785565 Treatment of goodwill as an intangible asset eligible for depreciation is affirmed: the Supreme Court held that goodwill falls within "any other business or commercial rights of similar nature," making it depreciable under the statutory provision for intangible assets. The decision clarifies that where goodwill arises on acquisition of a going concern by slump sale between unrelated parties, the proviso limiting depreciation for transfers by way of amalgamation, demerger or succession does not apply, and therefore depreciation is allowable on such goodwill. The note distinguishes slump sale acquisitions from transfers covered by succession provisions and confirms precedent supporting depreciability subject to statutory exceptions. en-us Thu, 22 Jan 2026 00:00:00 +0530 Tue, 27 Jan 2026 07:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785565 Treatment of goodwill as an intangible asset eligible for depreciation is affirmed: the Supreme Court held that goodwill falls within "any other business or commercial rights of similar nature," making it depreciable under the statutory provision for intangible assets. The decision clarifies that where goodwill arises on acquisition of a going concern by slump sale between unrelated parties, the proviso limiting depreciation for transfers by way of amalgamation, demerger or succession does not apply, and therefore depreciation is allowable on such goodwill. The note distinguishes slump sale acquisitions from transfers covered by succession provisions and confirms precedent supporting depreciability subject to statutory exceptions. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785565