Intangible assets from slump sale qualify for depreciation as "business or commercial rights" u/s 32(1)(ii) Income Tax Act. https://www.taxtmi.com/highlights?id=3338 Depreciation on intangible assets being “business and commercial rights” - pecified intangible assets acquired under slump sale agreement were in the nature of “business or commercial rights of similar nature” specified in Section 32(1)(ii) and were accordingly eligible for depreciation. - HC en-us Mon, 09 Apr 2012 09:29:28 +0530 Mon, 09 Apr 2012 09:29:28 +0530 TaxTMI RSS Generator Intangible assets from slump sale qualify for depreciation as "business or commercial rights" u/s 32(1)(ii) Income Tax Act. https://www.taxtmi.com/highlights?id=3338 Depreciation on intangible assets being “business and commercial rights” - pecified intangible assets acquired under slump sale agreement were in the nature of “business or commercial rights of similar nature” specified in Section 32(1)(ii) and were accordingly eligible for depreciation. - HC Highlights Income Tax Mon, 09 Apr 2012 09:29:28 +0530 https://www.taxtmi.com/highlights?id=3338