Goodwill is intangible asset u/s 32(1)(ii) and eligible for depreciation

Advertisement Delhi High Court  in the case of Hindustan Coca Cola Beverages Pvt. Ltd. (Judgement is Reproduced below) on the issue of whether payment for acquisition of diverse business and commercial rights, in the course of acquisition of business under a slump sale, are intangible assets eligible for depreciation although classified as ‘goodwill’ in books of account  held that rights and benefits acquired in the nature of marketing and trading reputation, trading style and name, marketing and distribution territorial know-how, information of consumption patterns and habits of cons...