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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Depreciation on Goodwill – additional payment to retiring ...


Payment to Retiring Partner Not Considered Goodwill Acquisition; No Depreciation Needed on Payment.

December 15, 2014

Case Laws     Income Tax     AT

Depreciation on Goodwill – additional payment to retiring partner - No goodwill stands acquired by the assessee firm upon the impugned payment/s, the question of the extent of the depreciation does not arise for consideration - AT

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