Depreciation on intangibles - Whether 5th proviso to Section ...

Income Tax

October 10, 2020

Depreciation on intangibles - Whether 5th proviso to Section 32(1) of the Act restricts the total depreciation which can be claimed in case of succession etc. to the depreciation which would have been allowable had there been no succession? - Held No - The 5th proviso in any case will apply only in the year of succession and not in subsequent years and also in respect of overall quantum of depreciation in the year of succession. - HC

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Depreciation on intangibles - Whether 5th proviso to Section ...

Income Tax

October 10, 2020

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