Depreciation is to be allowed to the assessee on the `brand’ received by it under the scheme of amalgamation

ORDER

Per J. Sudhakar Reddy, A.M.

These are cross appeals and are directed against the order of the CIT (Appeals)-VIII, Mumbai dated 05-06-2009 for the assessment year 2006- 07.

2. The sole issue that arises in the assessee’s appeal, is the allow ability of depreciation on `Brand’ received by the assessee under the Scheme of Arrangement u/s 391 to 394 of the Companies Act, 1956. I

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