Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim.

Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim. https://www.taxtmi.com/highlights?id=55375 Disallowance of depreciation on the intangible assets/goodwill acquired in the scheme of amalgamation - AO directed to allow the claim of the assessee for the depreciation on the impugned goodwill. - AT en-us Tue, 03 Nov 2020 11:17:04 +0530 Tue, 03 Nov 2020 11:17:04 +0530 TaxTMI RSS Generator Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim. https://www.taxtmi.com/highlights?id=55375 Disallowance of depreciation on the intangible assets/goodwill acquired in the scheme of amalgamation - AO directed to allow the claim of the assessee for the depreciation on the impugned goodwill. - AT Highlights Income Tax Tue, 03 Nov 2020 11:17:04 +0530 https://www.taxtmi.com/highlights?id=55375