Denial of depreciation on goodwill arising from scheme of ...

Case Laws Income Tax

January 14, 2023

Denial of depreciation on goodwill arising from scheme of amalgamation - on one hand in the remand proceedings, the AO for the first time raised doubts about the valuation report, however, on the other hand AO has allowed depreciation on intangible assets @ 25%, which were also acquired by the assessee and were also revalued in the books of the assessee upon amalgamation. - AO directed to grant depreciation on goodwill arising on account of amalgamation of subsidiary company with the assessee. - AT

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Denial of depreciation on goodwill arising from scheme of ...

Case Laws Income Tax

January 14, 2023

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