https://www.taxtmi.com/highlights?id=51591 Disallowance of depreciation on goodwill - We do not concur with the observations of the DRP that the assessee, with the motive of reducing profits in form of depreciation, had entered into this transaction. In our considered view, no prudent business man would pay a sum of ₹ 45.48 crores to claim depreciation of ₹ 10.93 crores over a period of five years en-us Wed, 05 Feb 2020 14:51:31 +0530 Wed, 05 Feb 2020 14:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51591 Disallowance of depreciation on goodwill - We do not concur with the observations of the DRP that the assessee, with the motive of reducing profits in form of depreciation, had entered into this transaction. In our considered view, no prudent business man would pay a sum of ₹ 45.48 crores to claim depreciation of ₹ 10.93 crores over a period of five years Highlights Income Tax Wed, 05 Feb 2020 14:51:31 +0530 https://www.taxtmi.com/highlights?id=51591