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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Depreciation on amount paid to retiring partner as goodwill from ...

Case Laws     Income Tax

October 31, 2013

Depreciation on amount paid to retiring partner as goodwill from the partnership firm - Share of the capital came to be paid to the retiring partner and it cannot be treated as cost paid to the retiring partner towards acquisition of any right from him. - HC

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