Sections 24, 122 and 131 Disapproval of Claim for Payment of Goodwill Appellant / Bank of Two Banks, It has been claimed that `Goodwill \ 'arose on the merger transaction between the Appellant Bank and the Seller Bank. Under the term definition was an immovable asset. As stated in Section 24 (11) of the Income Tax Ordinance, 2001, the amortization allowance claimed by the appellant was approved by the Additional Commissioner and Commissioner (Appeals), which was confirmed by the Commissioner (Appeal). Had done in his command. It was found that the deduction claim on the basis of merit is not acceptable because he is already eligible and entitled to sell alliance with Appellant Bank as part of the selling price of the Seller Bank business. Was present on the history of The Solidarity Scheme did not specifically provide for any goodwill transactions, which were born contradictory and there was no consequence of joining the goodwill debate about the reality of accounting entries to give a different color. The essence of this asset was that there was no Lux standalone in the scheme, as well as the issue. In consideration of the 2001 standpoint of the Income Tax Ordinance, the Commissioner (Appeal) rightly found that no documentary evidence was provided for payment of the claim for the benefit of the seller's bank. \ r \ n
