Intangible assets from slump sale qualify for depreciation u/s 32(1)(ii) of the Income Tax Act. Goodwill not addressed.

Intangible assets from slump sale qualify for depreciation u/s 32(1)(ii) of the Income Tax Act. Goodwill not addressed. https://www.taxtmi.com/highlights?id=14016 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. It is not necessary to decide the alternative submission made on behalf of the assessee that goodwill per se is eligible for depreciation u/s 32(1)(ii) - AT en-us Thu, 22 Aug 2013 08:27:49 +0530 Thu, 22 Aug 2013 08:27:49 +0530 TaxTMI RSS Generator Intangible assets from slump sale qualify for depreciation u/s 32(1)(ii) of the Income Tax Act. Goodwill not addressed. https://www.taxtmi.com/highlights?id=14016 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. It is not necessary to decide the alternative submission made on behalf of the assessee that goodwill per se is eligible for depreciation u/s 32(1)(ii) - AT Highlights Income Tax Thu, 22 Aug 2013 08:27:49 +0530 https://www.taxtmi.com/highlights?id=14016