{"id":60255,"date":"2026-06-05T09:19:38","date_gmt":"2026-06-05T03:49:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-grindwell-norton-ltd-2025-483-itr-651-bomhc-2\/"},"modified":"2026-06-05T09:19:38","modified_gmt":"2026-06-05T03:49:38","slug":"cit-v-grindwell-norton-ltd-2025-483-itr-651-bomhc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-grindwell-norton-ltd-2025-483-itr-651-bomhc-2\/","title":{"rendered":"CIT v. Grindwell Norton Ltd (2025) 483 ITR 651 (Bom)(HC)"},"content":{"rendered":"<p>Held that intangible assets like business and commercial brand equity are goodwill on which depreciation is allowable. (AY. 2007-08, 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32: Depreciation-Intangible assets-Business and commercial brand equity are goodwill-Depreciation allowable. [S. 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60255","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fFR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=60255"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60255\/revisions"}],"predecessor-version":[{"id":60256,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60255\/revisions\/60256"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}