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Income Tax - Highlights / Catch Notes

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Depreciation on goodwill that was created as a result of ...

Income Tax

August 14, 2023

Depreciation on goodwill that was created as a result of amalgamation - The judgment rendered in Smifs [2012 (8) TMI 713 - SUPREME COURT] clearly recognises goodwill to be an intangible asset and on which depreciation can clearly be claimed in terms of Section 32(1) of the Act. - HC

 

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