Sum paid to acquire clients of another company is an intangible asset; eligible for depreciation

IT: Where assessee-company was engaged in business of micro financial lending services and it had acquired entire micro finance business of an another company 'S', which included acquisition of rights over more than 1.10 lakhs existing clients of 'S', amount paid by assessee to 'S' for acquisition of its aforesaid clients was for an intangible asset eligible for depreciation