S.32 Depreciation allowable on goodwill paid for Purchase of clientele base of sub-broker

IN THE ITAT MUMBAI BENCH ‘I’ India Capital Markets (P.) Ltd. Versus Deputy Commissioner of Income-tax IT Appeal No. 2948 (Mum.) of 2010 [Assessment year 2006-07] December 12, 2012 ORDER N.K. Billaiya, Accountant Member  These cross-appeals by the assessee and the Revenue are directed against the very same order of the CIT(A) dated 23-3-2010 pertaining to the assessment year 2006-2007. As both these appeals are directed against the very same order, both were heard together and disposed of by this common order for the sake of convenience and brevity. 2. ITA. No. 29...