Depreciation u/s 32(1)(ii) in respect of intangible assets - ...
High Court Affirms Tribunal's Decision on Goodwill Allocation; Upholds Depreciation Claims for Intangible Assets u/s 32(1)(ii).
December 18, 2020
Case Laws Income Tax HC
Depreciation u/s 32(1)(ii) in respect of intangible assets - From perusal of the order passed by the Assessing Officer itself it is axiomatic that he has found that the goodwill has been calculated and has been allotted to intangibles. For yet another reason, the order passed by the tribunal has to be upheld.- - HC
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