https://www.taxtmi.com/forum/issue?id=3094 When acquisition consideration exceeds book value, the negotiated purchase price, including any premium, constitutes the cost of the fixed assets under AS 10; amounts can only be treated as separately recognised intangibles if the agreement specifically identifies and allocates value to intangible assets (such as know how, databases, trade names, licences, customer relationships or transfer fees), those intangibles are used in the buyer's business, and adequate documentation and negotiated valuation support the classification for accounting and transfer pricing purposes. en-us Tue, 21 Jun 2011 16:20:04 +0530 Thu, 23 Jan 2025 15:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3094 When acquisition consideration exceeds book value, the negotiated purchase price, including any premium, constitutes the cost of the fixed assets under AS 10; amounts can only be treated as separately recognised intangibles if the agreement specifically identifies and allocates value to intangible assets (such as know how, databases, trade names, licences, customer relationships or transfer fees), those intangibles are used in the buyer's business, and adequate documentation and negotiated valuation support the classification for accounting and transfer pricing purposes. Discussion-Forum Income Tax Tue, 21 Jun 2011 16:20:04 +0530 https://www.taxtmi.com/forum/issue?id=3094