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Income Tax - Highlights / Catch Notes

Home Highlights October 2011 Year 2011 This

Goodwill - loss making company - AO was not justified in ...


Court Rules AO Wrong to Deduct 10% Goodwill from Purchase Value for Depreciation in Loss-Making Company Case.

October 31, 2011

Case Laws     Income Tax     HC

Goodwill - loss making company - AO was not justified in deducting 10% towards the estimated value on goodwill from the total purchase consideration for the purpose of grant of depreciation allowance to the assessee .... - HC

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