Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]

Goodwill - existence of Goodwill established - Depreciation - ITAT - Depreciation on such goodwill cannot be questioned - taxscan

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that depreciation on goodwill could not be questioned once the existence of goodwill had been established. The assessee, Blujay Solutions (India) Private Limited was a company engaged in the business of provision of software development services and distribution of parent company software products and…

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