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Income Tax - Highlights / Catch Notes

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Depreciation on the goodwill - slump sale to subsidiary company ...

Case Laws     Income Tax

April 11, 2023

Depreciation on the goodwill - slump sale to subsidiary company - assessee company has valued goodwill on Discounted Cash Flow Method [DCF] - One must not forget that valuation is not an exact science and, therefore, cannot be done with arithmetic precision and such technical and complex problem should be left to the consideration and wisdom of experts in the field of accountancy. - AT

 

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