IT : This issue is no more res integra in view of the judgment of the Summit court in CIT v. Smifs Securities Ltd. [2012] 348 ITR 302 (SC) in which it has been held that "goodwill will fall under the expression 'or any other business or commercial rights of similar nature'" and, hence, qualifies for depreciation u/s 32(1)
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182433/‘goodwill’-is-an-intangible-asset-eligible-for-depreciation-itat-special-bench.aspx
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