Depreciation allowable on Goodwill

 ITAT CHENNAI BENCH ‘D’ Metrex Technologies Ltd. V/s. Assistant Commissioner of Income-tax IT Appeal No. 286 (Mds.) of 2011 [Assessment Year 2005-06] JUNE 28, 2012 ORDER Vikas Awasthy, Judicial Member The appeal has been filed by the assessee against the order dated 11.11.2010 passed by the CIT(A)-III, Chennai. 2. The brief facts of the case are that the assessee/appellant is engaged in the manufacture, supply, installation and integration of security, fire and building automation systems. The appellant filed return of income for the assessment year 2005-06 admitting Nil income o...