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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Depreciation on Goodwill - appellant had acquired the business ...

Case Laws     Income Tax

May 13, 2019

Depreciation on Goodwill - appellant had acquired the business undertaking on a going concern basis - goodwill acquired upon acquiring the business which is nothing but the difference between the consideration paid in excess of the book value of the assets is eligible for depreciation u/s 32(1)(ii)

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