Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
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Depreciation is allowable on acquired rights to use a brand name and on an acquired marketing and distribution network where those rights form part of the opening written-down value of the relevant intangible-asset block. Section 32(1)(ii) covers trade marks, licences, franchises and other business or commercial rights of similar nature, a scope broad enough to include these acquired intangible assets. The treatment of goodwill as a comparable business or commercial right supports this interpretation. The depreciation claim was therefore sustained for the relevant assessment year.
Depreciation is allowable on acquired rights to use a brand name and on an acquired marketing and distribution network where those rights form part of the opening written-down value of the relevant intangible-asset block. Section 32(1)(ii) covers trade marks, licences, franchises and other business or commercial rights of similar nature, a scope broad enough to include these acquired intangible assets. The treatment of goodwill as a comparable business or commercial right supports this interpretation. The depreciation claim was therefore sustained for the relevant assessment year.
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