Depreciation on goodwill u/s 32(1) - post demerger - once the ...
Depreciation on Goodwill Eligible u/s 32(1) of Income Tax Act if Purchased Goodwill is Demonstrated Post-Demergers.
April 19, 2023
Case Laws Income Tax AT
Depreciation on goodwill u/s 32(1) - post demerger - once the assessee proves that goodwill accounted in the books of accounts in a scheme of demerger is only of purchased goodwill by paying consideration then the same fall within the ambit of purchased goodwill and entitled for depreciation under section 32(1) of the Act. - AT
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