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Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim.

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....Disallowance of depreciation on the intangible assets/goodwill acquired in the scheme of amalgamation - AO directed to allow the claim of the assessee for the depreciation on the impugned goodwill. - AT....

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Court Rules Depreciation on Goodwill Acquired via Amalgamation is Allowable, Directs AO to Approve Taxpayer's Claim.