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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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....