https://www.taxtmi.com/highlights?id=49027 Deprecation on goodwill - assessee has fully written off goodwill in the books of accounts - section 32(1)mandates that the block of assets should exists to claim depreciation - Since, goodwill is not treated as an asset in its books of accounts, the question of allowing depreciation on such non existing asset does not arise en-us Sat, 31 Aug 2019 09:02:08 +0530 Sat, 31 Aug 2019 09:02:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49027 Deprecation on goodwill - assessee has fully written off goodwill in the books of accounts - section 32(1)mandates that the block of assets should exists to claim depreciation - Since, goodwill is not treated as an asset in its books of accounts, the question of allowing depreciation on such non existing asset does not arise Highlights Income Tax Sat, 31 Aug 2019 09:02:08 +0530 https://www.taxtmi.com/highlights?id=49027