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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Depreciation on goodwill - business or commercial rights ...


Court Confirms Goodwill as Depreciable Asset Under Explanation 3(b) to Section 32(1) of Income Tax Act.

July 8, 2013

Case Laws     Income Tax     HC

Depreciation on goodwill - business or commercial rights acquired - goodwill is an asset under Explanation 3(b) to section 32(1) - the depreciation allowed even on the goodwill - HC

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