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Depreciation eligible on Goodwill Resulting from Acquisition of Business Unit
Case Law Details
- Case Name
- DCIT Vs DHL Logistics Pvt. Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs DHL Logistics Pvt. Ltd. (ITAT Mumbai)
The issue under consideration is whether assessee is eligible for Depreciation on Goodwill resulting from acquisition of business unit?
ITAT states that the issue as regards the entitlement of the assesses towards claim of depreciation on intangible (i.e goodwill) is squarely covered by the orders of the coordinate benches of the Tribunal in the assesses own case for A.Y. 2008-09, A.Y. 2009-10 and A.Y 2012-13. Accordingly, finding no reason to take a different view, ITAT respectfully follow the view taken by the Tribunal as regards the entitlement ...
