Any business or commercial rights not similar in nature to the six items specified by law cannot be treated as intangible assets qualified for depreciation; in light of the statutory provision contained in section 32(1)(ii), the goodwill acquired by the assessee does not come under the expression of `any other business or commercial rights of the nature similar to know how, patentss, copyrights etc'
R.G.KESWANI vs ASSTT. CIT (ITA NO. 1463/MUM./2005, DATED 19-02-2008) MUMBAI -ITAT
source :- Taxmann