Depreciation on the intangible assets/goodwill - the assessee ...

Depreciation on Goodwill Accepted: No Action by Revenue u/ss 263 or 147 for AY 2006-07.

October 23, 2019

Case Laws Income Tax AT

Depreciation on the intangible assets/goodwill - the assessee was allowed for depreciation in respect of such goodwill in the 1st year of amalgamation i.e. AY 2006-07. There was no action either u/s 263 or 147 of the Act by the revenue. Therefore we can safely presume that the claim of the depreciation of the assessee in the 1st year has attained finality.

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Depreciation on the intangible assets/goodwill - the assessee ...

Depreciation on Goodwill Accepted: No Action by Revenue u/ss 263 or 147 for AY 2006-07.

October 23, 2019

Case Laws Income Tax AT

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