Depreciation on goodwill - Scheme of amalgamation sanctioned - ...

Income Tax

August 25, 2022

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

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Depreciation on goodwill - Scheme of amalgamation sanctioned - ...

Income Tax

August 25, 2022

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