Tag: intangible assets

Depreciation on intangible assets on conversion of proprietorship into private limited company allowed as the transaction was not considered sham ABCAUS Case Law Citation: ABCAUS 3019 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Sandvik Chokshi Ltd. 55 taxmann.com 453 (Gujarat) Commonwealth Trust …

Tenancy rights not intangible assets, no question of allowing depreciation on it – ITAT. These rights not covered as “any other business or commercial right” ABCAUS Case Law Citation: ABCAUS 3009 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: M.M. Nissim & Co. vs. ACIT …

Useful Lives for depreciation on intangible assets-Amendment to Schedule-II. Companies not required to follow IndAS to follow 2006 Rules. GOVERNMENT  OF INDIA MINISTRY  OF CORPORATE  AFFAIRS Notification New Delhi, 17 November, 2016 G.S.R.(E) ….In exercise of the powers conferred by sub-section (1) of section 467 of the Companies …