https://www.taxtmi.com/highlights?id=65266 Depreciation on goodwill - Scheme of amalgamation sanctioned - So far as objection of ld CIT-DR for the revenue that due to the amendment in section 32, the goodwill is no more depreciable asset, we are of the view that the amendment brought in the Act by way of Finance Act 2021 will be applicable prospectively and not in the year under consideration. - AT en-us Thu, 25 Aug 2022 08:13:52 +0530 Thu, 25 Aug 2022 08:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65266 Depreciation on goodwill - Scheme of amalgamation sanctioned - So far as objection of ld CIT-DR for the revenue that due to the amendment in section 32, the goodwill is no more depreciable asset, we are of the view that the amendment brought in the Act by way of Finance Act 2021 will be applicable prospectively and not in the year under consideration. - AT Highlights Income Tax Thu, 25 Aug 2022 08:13:52 +0530 https://www.taxtmi.com/highlights?id=65266