https://www.taxtmi.com/caselaws?id=791917 Depreciation on intangible assets acquired as part of a going concern was allowable where the same claim had been accepted in earlier assessment years and the Tribunal had already upheld depreciation on those assets in the assessee's case. No distinguishing facts were shown for the year under appeal, so a different view was not justified. The revenue's reliance on a Supreme Court decision was rejected because that precedent was factually distinguishable and not controlling on the issue. The assessee therefore succeeded on allowance of depreciation. en-us Wed, 15 Apr 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791917 Depreciation on intangible assets acquired as part of a going concern was allowable where the same claim had been accepted in earlier assessment years and the Tribunal had already upheld depreciation on those assets in the assessee's case. No distinguishing facts were shown for the year under appeal, so a different view was not justified. The revenue's reliance on a Supreme Court decision was rejected because that precedent was factually distinguishable and not controlling on the issue. The assessee therefore succeeded on allowance of depreciation. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791917