Goodwill qualifies as a depreciable intangible asset and Revenue cannot raise unpleaded issues before High Court
Goodwill qualifies as a depreciable intangible asset and Revenue cannot raise unpleaded issues before High Court Issue Whether goodwill is an intangible asset eligible for depreciation under Section 32 of the Income-tax Act, 1961. Whether the Revenue can raise a new issue before the High Court that was never raised before the Commissioner (Appeals) or… Read More »