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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Depreciation on intangible assets being “business and commercial ...

Case Laws     Income Tax

April 9, 2012

Depreciation on intangible assets being “business and commercial rights” - pecified 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) and were accordingly eligible for depreciation. - HC

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