Assessee Entitled To Charge Depreciation On Purchase Of Goodwill: Delhi High Court

The Delhi High Court ruled that goodwill is a depreciable expenditure, allowing businesses to claim depreciation on goodwill under the Income Tax Act. The court held that goodwill, like other intangible assets, has value and depreciates over time, making it eligible for depreciation deductions. This ruling provides clarity on the tax treatment of goodwill and supports businesses in optimizing their tax liabilities.