2018 (2) TMI 1925

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....ar M. Patel, AR ORDER Rajpal Yadav,   Revenue is in appeal before the Tribunal against the order of the ld.CIT(A)-8, Ahmedabad dated 9.11.2015 passed for the Asstt.Year 2012-13. 2. Though Revenue has taken four grounds of appeal, but its grievance revolves around a single issue viz. the ld.CIT(A) has erred in allowing depreciation of Rs. 4,04,44,578/- on goodwill. 3. Brief fact....

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....r.CIT Vs. Zydus Wellness Ltd. , 87 txmann.com 82 (Guj) rendered in Tax Appeal No.779 of 2017 dated 3.10.2017. Hon'ble High Court upheld order of the ITAT vide which depreciation was granted to the assessee on goodwill. Similarly , in the Asstt.Year 2011-12, Tribunal has dismissed appeal of the Revenue whereby the Tribunal has upheld grant of depreciation on goodwill at the end of ld.CIT(A) vide or....