Depreciation on goodwill -When claim not made in Return – Case Law

By | January 18, 2017
(Last Updated On: January 18, 2017)

Depreciation on goodwill

The Ahmedabad Bench of Income Tax Appellate Tribunal allowed the taxpayer’s claim of depreciation on goodwill under Section 32 of the Income-tax Act, 1961 (even though the claim was not made by the taxpayer on an amended return, but was made during the course of assessment proceedings). The case is: Zydus Wellness Ltd. Read a January 2017 report on Depreciation on Goodwill [PDF 329 KB] of KPMG

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