2012 (10) TMI 1047

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..... RT] - Regarding depreciation on Business equity, even the intangible assets constitute goodwill on which depreciation would be allowable - Decision in the case of CIT v. Smifs Securities Ltd. [2012 (8) TMI 713 - SUPREME COURT] followed - Against the revenue - IT Appeal No. 6835 of 2010 - - - Dated:- 16-10-2012 - J.P. DEVADHAR AND M.S. SANKLECHA, JJ. Vimal Gupta for the Appellant. J.D. .....

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..... on 32(1) (ii) of the Income-tax Act or Part B of the depreciation schedule in old Appendix of the IT Rules relevant to the A.Y.2004-05? 2. As regard the first question is concerned, Counsel for the parties state that the said question is answered in favour of the assessee by the decision of this Court in assessee's own case being Income-tax Appeal No.828 of 2010 decided on 08-08-2012. Henc .....

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