J.C. Chandiok vs Deputy Commissioner Of Income Tax on 25 February, 1999
that cost of acquisition in case of self-generated goodwill will be taken to the "Nil". For the purpose of bringing the capital
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1 - 10 of 75 (0.65 seconds)Gbt India Private Limited, Delhi vs National E-Assesment Centre, New Delhi on 6 January, 2022
same parent Amex. Thus, even if there is any goodwill,
it is self-generated.
AO alleged that the since the purchase consideration was
paid ... depreciation claimed by
the assessee on goodwill was not an allowable deduction since the
goodwill recognized was self generated. According to him, the
assessee
Gbt India Private Limited, Delhi vs National E-Assesment Centre, New Delhi on 6 January, 2022
same parent Amex. Thus, even if there is any goodwill,
it is self-generated.
AO alleged that the since the purchase consideration was
paid ... depreciation claimed by
the assessee on goodwill was not an allowable deduction since the
goodwill recognized was self generated. According to him, the
assessee
Dr. Balkishan Das, Rohtak vs Pr. Cit, Rohtak on 31 October, 2018
Transport Co. (P) Ltd. to submit that route permit
was a self-generating asset and consideration for its transfer
was not assessable as capital gains ... same effect and Raylon Silk Mills v. CIT to submit that self-
generated goodwill did not attract capital gains.
10
7. A reference
M/S Today Merchandise Pvt. Ltd.,, New ... vs Dcit, New Delhi on 30 June, 2022
self generated.
Purchased goodwill is generally 'goodwill embedded with intangible assets'.
As per accounting standard only the purchased goodwill is recognized ... unless any
specific value has been allocated to it. Further like self-generated goodwill, the
intangible assets which cannot be identified separately or cannot
Rajendra Nath Agarwal vs Income-Tax Officer on 6 February, 1992
gains arising from the sale of goodwill. It was held that goodwill in that case was a self-generated asset with no cost of acquisition
Usha International Ltd, vs Assessee on 9 March, 2015
transferred by the assessee were in the nature of a self
generated asset like `Goodwill'. This view of the AO was based
Indo Asian Switchgears (P.) Ltd. vs Inspecting Assistant Commissioner on 30 November, 1984
regular business of the assessee. Like goodwill, the import entitlement certificate was a self-generated asset. It accrued to the assessee from the exports made
Dcit (Ltu), New Delhi vs M/S. Mawana Sugar Ltd., New Delhi on 30 August, 2024
that "certain self-
generated intangible assets like brand name or trademark may not be
considered to form part of the goodwill of a business ... matter
that the goodwill and trademark are two different concepts. Before us, it was
claimed that it is a self-generated non-depreciable asset
Mawana Sugars Limited., New Delhi vs Dcit, New Delhi on 30 August, 2024
that "certain self-
generated intangible assets like brand name or trademark may not be
considered to form part of the goodwill of a business ... matter
that the goodwill and trademark are two different concepts. Before us, it was
claimed that it is a self-generated non-depreciable asset