https://www.taxtmi.com/caselaws?id=793398 Depreciation on goodwill claimed to have arisen from an unregistered and unsigned business transfer agreement was examined under section 32(1)(ii) and the computation rules for actual cost and written down value. The agreement was treated as lacking legal sanctity, so the alleged goodwill was regarded as having no enforceable value for depreciation purposes. On that basis, the depreciation claim was disallowed and the disallowance was upheld. en-us Wed, 10 Jun 2026 00:00:00 +0530 Mon, 15 Jun 2026 09:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793398 Depreciation on goodwill claimed to have arisen from an unregistered and unsigned business transfer agreement was examined under section 32(1)(ii) and the computation rules for actual cost and written down value. The agreement was treated as lacking legal sanctity, so the alleged goodwill was regarded as having no enforceable value for depreciation purposes. On that basis, the depreciation claim was disallowed and the disallowance was upheld. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793398