PMV MALTINGS PVT LTD vs DY. COMMISSIONER OF INCOME TAX, CIRCLE 19(1) & ANR.

$~3 & 4 * IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment delivered on: 20.02.2025 ITA 363/2023 PMV MALTINGS PVT LTD .....Appellant Through: Mr. Satyen Sethi, Mr. Artatrana Panda & Ms. Gargi Sethee, Advs. versus DY. COMMISSIONER OF INCOME TAX, CIRCLE 19(1) & ANR. .....Respondents Through: Mr. Puneet Rai, SSC with Mr. Ashvini Kumar & Mr. Rishabh Nangia, JSCs. 4 ITA 366/2023 PMV MALTINGS PVT LTD .....Appellant Through: Mr. Satyen Sethi, Mr. Artatrana Panda & Ms. Gargi Sethee, Advs. versus DY COMMISSIONER OF INCOME TAX, CIRCLE 19(1) & ANR. .....Respondents Through: Mr. Puneet Rai, SSC with Mr. Ashvini Kumar & Mr. Rishabh Nangia, JSCs. CORAM: HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT YASHWANT VARMA, J. (Oral) 1. This appeal instituted by the appellant/assessee had come to be ITA 363/2023 & 366/2023 2. The Court, on that, occasion had noted that goodwill was undisputedly eligible for depreciation in the period in question in light of the judgment rendered in Commissioner of Income Tax, Kolkata v. Smifs Securities Ltd.1 The aforesaid observation appears to have been rendered in light of the subsequent amendments which came to be incorpor