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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

The balance consideration out of slump sale consideration after ...


Goodwill from Slump Sale Classified as Intangible Asset, Depreciation Claim Allowed for Assessee.

March 28, 2017

Case Laws     Income Tax     AT

The balance consideration out of slump sale consideration after adjusting the value of asset and liabilities is, the value of goodwill in the hands of the assessee, which is intangible assets, on which the assessee is eligible to claim the depreciation - AT

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