Entries in books of account are not conclusive of expense nature

(i) Whether Tribunal was right in allowing depreciation on goodwill as the assessee had not claimed it in subsequent years?

(a) The impugned order of the Tribunal allowed the respondent- assessee’s appeal on this issue of depreciation on goodwill by following the decision of the Apex Court in CIT v/s. Smifs Securities Ltd. 348 ITR 302.

(b) In the above view, question no.(i) as proposed does not give rise to any substanti

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