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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Depreciation on Goodwill - depreciation on Customer Relationship ...


Court Recognizes Goodwill as Asset, Permits Depreciation on Customer and Vendor Relationships as Business Rights.

July 1, 2019

Case Laws     Income Tax     AT

Depreciation on Goodwill - depreciation on Customer Relationship (CR) & Vendor Relationship (VR) considering them to fall under Any other business or commercial rights of similar nature - 'Goodwill' is an asset - claim allowed.

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