2013 (8) TMI 947

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..... .1968/Del/2012, 1969/Del/2012 & 1970/Del/2012 - - - Dated:- 23-8-2013 - SHRI G.D.AGRAWAL, VICE PRESIDENT AND SHRI CHANDRA MOHAN GARG, JUDICIAL MEMBER Appellant by : Shri Pawan Gulati, CA. Respondent by : Shri Sameer Sharma, Sr.DR. ORDER PER G.D.AGRAWAL, VP : These appeals by the assessee are directed against the order of learned CIT(A)-IX, New Delhi dated 14th Septe .....

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..... 4. That in any view of the matter, the action of the learned CIT(A) in denying the allowance of depreciation on goodwill is contrary to the provision of law and hence deserves to be set aside. 5. That the appellant craves leave to add, to alter, or rescind any of the grounds mentioned hereinabove. 3. We have heard both the parties and perused the material placed before us. We find this i .....

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..... ssment become academic in nature and are, therefore, treated as infructuous. 4. Respectfully following the above order of the Tribunal, we direct the Assessing Officer to allow the claim of depreciation on goodwill. Accordingly, the assessee s appeals are allowed. 5. In the result, the appeals of the assessee are allowed. Decision pronounced in the open Court on 23rd August, 2013. - .....

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