{"id":62748,"date":"2026-07-30T10:16:58","date_gmt":"2026-07-30T04:46:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-blujay-solutions-india-p-ltd-2025-129-itr-780-hyd-trib\/"},"modified":"2026-07-30T10:16:58","modified_gmt":"2026-07-30T04:46:58","slug":"dy-cit-v-blujay-solutions-india-p-ltd-2025-129-itr-780-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-blujay-solutions-india-p-ltd-2025-129-itr-780-hyd-trib\/","title":{"rendered":"Dy. CIT v. Blujay Solutions (India) P. Ltd. (2025) 129 ITR 780 (Hyd.)(Trib.)"},"content":{"rendered":"<p style=\"margin: 0in;margin-bottom: .0001pt;text-align: justify;line-height: 150%\"><span lang=\"EN-IN\" style=\"font-family: &#039;Verdana&#039;,sans-serif\">The assessee acquired a software business as a going concern under a slump sale. The excess consideration over the value of the net assets acquired was recognised as goodwill. Although the intellectual property acquired was subsequently transferred to the parent company, the assessee retained and continued to enjoy the business contracts, employees, licences, permits and other commercial rights acquired under the business acquisition. The Tribunal held that the goodwill represented business or commercial rights arising from the acquisition of the entire business and not merely the intellectual property. Once the existence of goodwill was established, depreciation under section 32 could not be denied. Accordingly, the order allowing depreciation on goodwill was upheld. <strong><span style=\"font-family: &#039;Verdana&#039;,sans-serif\">(AY. 2014-15).<\/span><\/strong><b><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32 : Depreciation-Intangible assets-Goodwill-Business acquired on slump sale-Excess consideration representing business commercial rights-Depreciation allowable.<\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62748","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gk4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62748","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=62748"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62748\/revisions"}],"predecessor-version":[{"id":62749,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62748\/revisions\/62749"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}