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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance of Depreciation on Goodwill – The specified ...

Case Laws     Income Tax

November 4, 2013

Disallowance of Depreciation on Goodwill – The 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) of the Act and were accordingly eligible for depreciation - AT

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