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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Depreciation on intellectual property rights (IPR) acquired and ...


Taxpayer Allowed Depreciation on Intellectual Property Rights Used During the Year, No Evidence to Deny Usage Claim.

August 6, 2018

Case Laws     Income Tax     HC

Depreciation on intellectual property rights (IPR) acquired and purchased by the assessee - There cannot be a ground and reason to hold that the assessee had not “put to use” the intellectual property rights assets in the year in question.

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