https://www.taxtmi.com/caselaws?id=268409 HC held for the assessee: the excess consideration in the slump sale was properly classified as goodwill, an intangible asset, and depreciation thereon is allowable; the slump sale agreement was not a colourable device and did not require splitting intangibles into separate components. The goodwill recorded in the balance sheet was accepted as the correct valuation, so no further valuation exercise was warranted. The question was answered in favour of the assessee and against the revenue. en-us Thu, 19 Nov 2015 00:00:00 +0530 Sat, 04 Oct 2025 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268409 HC held for the assessee: the excess consideration in the slump sale was properly classified as goodwill, an intangible asset, and depreciation thereon is allowable; the slump sale agreement was not a colourable device and did not require splitting intangibles into separate components. The goodwill recorded in the balance sheet was accepted as the correct valuation, so no further valuation exercise was warranted. The question was answered in favour of the assessee and against the revenue. Case-Laws Income Tax Thu, 19 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268409