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.

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