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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

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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