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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Specified intangible assets acquired under slump sale agreement ...

Case Laws     Income Tax

July 1, 2013

Specified intangible assets acquired under slump sale agreement were in the nature of “business or commercial rights of similar nature“ specified in section 32(1)(ii) and were accordingly eligible for depreciation under that section. - AT

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