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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Question whether the valuation of goodwill is appropriate - ...

Case Laws     Income Tax

November 25, 2015

Question whether the valuation of goodwill is appropriate - calculation of the intangible and deprecation thereon - ITAT has rejected the view that the slump sale agreement was a colourable device. Once having held so, the agreement between the parties must be accepted in its totality. The Agreement itself does not provide for splitting up of the intangibles into separate components. - HC

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