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| The Tax Publishers2020 TaxPub(DT) 4282 (Mum-Trib) INCOME TAX ACT, 1961
Section 32(1)(ii)
Goodwill acquired by assessee was eligible for depreciation.
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Depreciation - Allowability - Goodwill acquired by assessee -
Assessee claimed depreciation on goodwill acquired from Bilag Industries (P) Ltd. AO disallowed assessee's claim.Held: Depreciation was allowable to assessee on goodwill acquired by it.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2013-14
INCOME TAX ACT, 1961
Section 92C
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