2021 (9) TMI 1541

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....AM: ITA No. 7281/Del/2018 and 7282/Del/2018 are two appeals by the Revenue preferred against two separate orders of the CIT(A)-3, Delhi dated 03.08.2018. 2. Both these appeals were heard together and are disposed of by this common order for the sake of convenience. 3. The common grievance in both these appeals relate to the deletion of addition made by the AO on account of disallowance of depre....

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....ourt and not out of accounting principles. It was brought to the notice of the CIT(A) that goodwill being a non tangible assets is eligible for depreciation u/s. 32 of the Act. 7. The CIT(A) was convinced with the claim and allowed the depreciation. 8. Before us the DR strongly supported the Assessment Order. 9. We find that this claim is no more res-integra as the issue has been settled in fav....