https://www.taxtmi.com/acts?id=39563 Amendment narrows the scope of the provision by expressly excluding goodwill of a business or profession from clause (ii) of sub section (1) and from Explanation 3(b), clarifying that goodwill is not to be treated as an asset of the type addressed by section 32 and limiting depreciation/asset treatment to non goodwill items. en-us Tue, 30 Mar 2021 15:00:12 +0530 Tue, 30 Mar 2021 15:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39563 Amendment narrows the scope of the provision by expressly excluding goodwill of a business or profession from clause (ii) of sub section (1) and from Explanation 3(b), clarifying that goodwill is not to be treated as an asset of the type addressed by section 32 and limiting depreciation/asset treatment to non goodwill items. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:00:12 +0530 https://www.taxtmi.com/acts?id=39563