In the result, the appeals of the assessee in ITA No
Bench: Shri M. Balaganesh, Am & Shri S. S. Viswanethra Ravi, Jm]
depreciation on goodwill in the light of the decision of the Hon’ble Apex Court in the case of NTPC Ltd vs CIT reported in 229 ITR 383 (SC). Respectfully following the ratio laid down in the apex court’s decision in 348 ITR 302 supra, we allow the claim of the assessee and the additional ground raised