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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Depreciation in intangible assets disallowed u/s 32(1)(ii) - ...


Depreciation on Goodwill Allowed in Slump-Sale Valuation u/s 32(1)(ii) of Income Tax Act.

September 9, 2014

Case Laws     Income Tax     AT

Depreciation in intangible assets disallowed u/s 32(1)(ii) - valuation made during “slump-sale” of business has factored the value of “goodwill” in the composite value of “Maintenance portfolio” - depreciation allowed - AT

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