Thursday, March 4, 2021

Intangible assets acquired during business takeover eligible for dep. even if particulars not disclosed in agreement

INCOME TAX : Where Assessing Officer himself found that goodwill was calculated and allotted to intangible assets acquired during takeover, assessee would be entitled to claim depreciation on such intangible assets, even if particulars related to acquired intangible assets were not disclosed

from www.taxmann.com Latest Case Laws https://ift.tt/3rfbcKJ

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