Depreciation on goodwill - zero asset shown in the books - The ...

Income Tax

November 8, 2022

Depreciation on goodwill - zero asset shown in the books - The contention of the Ld. DR that it has zero asset shown in the books of CRAZY NETWORK appears to be incorrect when the 5000 subscriber has entered into the partnership firm through CRAZY NETWORK which has added as assets to the partnership firm's assets. AO was not right in disallowing the claim of the assessee relating to depreciation on goodwill. - AT

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Depreciation on goodwill - zero asset shown in the books - The ...

Income Tax

November 8, 2022

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