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Income Tax - Highlights / Catch Notes

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Depreciation on 'goodwill' - In the present case, ...

Income Tax

May 4, 2015

Depreciation on 'goodwill' - In the present case, though termed as goodwill, what was actually parted with by STL was a commercial right, i.e., exclusivity to the network which would not have been otherwise available but for the terms of the arrangement - claim allowed - HC

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