Tag Archives: section 32

Know-how, business contacts, business information, etc. intangible assets under Section 32(1)(ii) Income Tax act: ITAT

Delhi High Court ruled that Income Tax Appellate Tribunal erred in law in holding that know-how, business contacts, business information, etc. acquired as part of the slump sale described as “goodwill” were not entitled for depreciation under Section 32(1)(ii) of … Continue reading

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