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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Disallowance of depreciation on the intangible assets/goodwill ...


Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim.

November 3, 2020

Case Laws     Income Tax     AT

Disallowance of depreciation on the intangible assets/goodwill acquired in the scheme of amalgamation - AO directed to allow the claim of the assessee for the depreciation on the impugned goodwill. - AT

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