[aaykarbhavan] Customer/supplier base acquired along with business was intangible asset; entitled to depreciation

Customer/supplier base acquired along with business was intangible asset; entitled to depreciation

April 24, 2015[2015] 56 taxmann.com 217 (Pune - Trib.)

IT: Where assessee acquired a business which included intangible assets such as customer base, technical know-how, manpower, etc., depreciation under section 32(1)(ii) was to be allowed on same as intangible assets

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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