Intangible Assets from Slump Sale Qualify for Depreciation as "Business Rights" u/s 32(1)(ii) of Income Tax Act.

Intangible Assets from Slump Sale Qualify for Depreciation as "Business Rights" u/s 32(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=13242 Specified 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 under that section. - AT en-us Mon, 01 Jul 2013 14:34:25 +0530 Mon, 01 Jul 2013 14:34:25 +0530 TaxTMI RSS Generator Intangible Assets from Slump Sale Qualify for Depreciation as "Business Rights" u/s 32(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=13242 Specified 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 under that section. - AT Highlights Income Tax Mon, 01 Jul 2013 14:34:25 +0530 https://www.taxtmi.com/highlights?id=13242