Technical proprietary information and pre-qualification rights obtained by assessee cannot be treated as goodwill and assessee is entitled to depreciation on these two items of intangible assets

IN THE ITAT CHENNAI BENCH ‘D’ Assistant Commissioner of Income-tax v. Best & Crompton Engg. Projects Ltd. IT APPEAL NOS. 1675 TO 1678 (MAD.) OF 2008 [ASSESSMENT YEARS 2002-03 TO 2005-06]APRIL 20, 2011 K.E.B. Rengarajan for the Appellant. S. Subramaniam for the Respondent. ORDER 1. The above four appeals filed by the Revenue, for assessment years 2002-03 to 2005-06, are directed against the common order dated 27-5-2008 passed by the ld. CIT(A)-VIII, Chennai. In all these appeals almost identical issues are involved, therefore, for the sake of convenience and b...