Depreciation on intangible assets allowed

0
1434
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Delhi High Court recently held that depreciation can be charged even on an intangible asset like goodwill, as it is a form of a commercial right and is used to carry out business. In Commissioner of Income Tax – IV v Hindustan Coca Cola Beverages Pvt Ltd the court was considering an appeal by the revenue authorities against a ruling by the Income Tax Appellate Tribunal.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

The update of court judgments is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link