ITA No. 5225/Mum/2025 IQVIA CONSULTING AND INFORMATION SERVICES INDIA PVT. LTD (A.Y. 2018-19)

Parties Involved

Facts Summary

IQVIA Consulting and Information Services India Private Limited, a company engaged in providing information and technology services, acquired businesses from M/s Nielsen (India) Private Limited and M/s GCI Healthcare Private Limited. The company claimed depreciation on goodwill arising from these acquisitions, which was disallowed by the Assessing Officer. The company appealed against this decision, arguing that the goodwill was acquired for consideration and was eligible for depreciation. The Tribunal held that the goodwill was acquired for consideration and was eligible for depreciation under section 32(1)(ii) of the Income-tax Act, 1961.…

Legal Issues

• 1. Whether the goodwill recorded by the assessee represents an asset acquired in the course of acquisition of the respective businesses for consideration?
• 2. Whether such goodwill was eligible for depreciation under section 32(1)(ii) of the Act?

Judgment Outcome

Decided in favour of Assessee.

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