Resulting company entitled to claim depreciation on goodwill expended on amalgamation
April 20, 2025
Income Tax, Supreme Court
Resulting company is entitled to claim depreciation on goodwill expended at the time of amalgamation of companies. In a recent judgment, the Hon’ble Supreme Court has dismissed the Special Leave Petition filed by the PCIT approving the judgment of the High Court that the assessee company is entitled …