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Court Rules Taxpayers Can Claim Depreciation on Goodwill; Depreciation Benefit Denial Overturned by ITAT.

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....Allowability of depreciation on the value of goodwill – CIT(A) is not justified in denying the benefit of depreciation claimed by the assessee on the ‘goodwill’ - AT....

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Court Rules Taxpayers Can Claim Depreciation on Goodwill; Depreciation Benefit Denial Overturned by ITAT.