https://www.taxtmi.com/highlights?id=59113 Disallowance on account of depreciation on goodwill - Scheme of Amalagamation adopted - the 5th proviso was inserted in order to prevent double claim of the depreciation in respect of the same asset. But these are not the facts in the present case before us as the amalgamating company did not claim any depreciation on the goodwill and therefore the same can not be disallowed - assessee has rightly claimed the depreciation on goodwill. - AT en-us Sat, 07 Aug 2021 17:38:21 +0530 Sat, 07 Aug 2021 17:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59113 Disallowance on account of depreciation on goodwill - Scheme of Amalagamation adopted - the 5th proviso was inserted in order to prevent double claim of the depreciation in respect of the same asset. But these are not the facts in the present case before us as the amalgamating company did not claim any depreciation on the goodwill and therefore the same can not be disallowed - assessee has rightly claimed the depreciation on goodwill. - AT Highlights Income Tax Sat, 07 Aug 2021 17:38:21 +0530 https://www.taxtmi.com/highlights?id=59113