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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Depreciation on intangible asset representing acquisition of ...


Depreciation on Intangible Assets for Business Contracts Allowed as Valuable Commercial Rights Under Tax Law.

January 23, 2019

Case Laws     Income Tax     AT

Depreciation on intangible asset representing acquisition of business contract - assessee has also acquired contractual rights which, no doubt, is a valuable commercial right - claim of depreciation allowed.

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