High Court Affirms Tribunal's Decision on Goodwill Allocation; Upholds Depreciation Claims for Intangible Assets u/s 32(1)(ii).

High Court Affirms Tribunal's Decision on Goodwill Allocation; Upholds Depreciation Claims for Intangible Assets u/s 32(1)(ii). https://www.taxtmi.com/highlights?id=55949 Depreciation u/s 32(1)(ii) in respect of intangible assets - From perusal of the order passed by the Assessing Officer itself it is axiomatic that he has found that the goodwill has been calculated and has been allotted to intangibles. For yet another reason, the order passed by the tribunal has to be upheld.- - HC en-us Fri, 18 Dec 2020 16:35:44 +0530 Fri, 18 Dec 2020 16:35:44 +0530 TaxTMI RSS Generator High Court Affirms Tribunal's Decision on Goodwill Allocation; Upholds Depreciation Claims for Intangible Assets u/s 32(1)(ii). https://www.taxtmi.com/highlights?id=55949 Depreciation u/s 32(1)(ii) in respect of intangible assets - From perusal of the order passed by the Assessing Officer itself it is axiomatic that he has found that the goodwill has been calculated and has been allotted to intangibles. For yet another reason, the order passed by the tribunal has to be upheld.- - HC Highlights Income Tax Fri, 18 Dec 2020 16:35:44 +0530 https://www.taxtmi.com/highlights?id=55949