Intangible assets from slump sale qualify for depreciation as "business rights" u/s 32(1)(ii) of Income Tax Act.

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....Disallowance of Depreciation on Goodwill – The specified intangible assets acquired under slump sale agreement were in the nature of “business or commercial rights of similar nature“ specified in Section 32(1)(ii) of the Act and were accordingly eligible for depreciation - AT....