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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Genuinity of transaction of purchase of trademark - it is ...


Assessing Officer Lacks Authority to Question Trademark Purchase; Intangible Assets Eligible for Depreciation Rates.

October 22, 2019

Case Laws     Income Tax     AT

Genuinity of transaction of purchase of trademark - it is outside the domain of the AO to question the necessity of incurring an expenditure - intangible assets such as trademark, goodwill are also qualifies for depreciation at prescribed rates.

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