Claim of depreciation - Bifurcation of slump price into the ...

Court Clarifies Depreciation on Intangible Assets: Allocate Remaining Slump Price After Tangibles Per Section 32(1)(ii) of Income Tax Act.

January 1, 2018

Case Laws Income Tax AT

Claim of depreciation - Bifurcation of slump price into the value of tangible assets and intangible assets - Ultimately after the slump price has been attributed first to the value of tangible assets, then the balance is to be attributed to intangible assets and once the same is done and whether it is under the umbrella of know-how, trademarks, patents or goodwill, it makes no difference since all these are covered under the umbrella of intangible assets, which are eligible for claim of depreciation under section 32(1)(ii) - AT

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Claim of depreciation - Bifurcation of slump price into the ...

Court Clarifies Depreciation on Intangible Assets: Allocate Remaining Slump Price After Tangibles Per Section 32(1)(ii) of Income Tax Act.

January 1, 2018

Case Laws Income Tax AT

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