For depreciation slump sale price needs to be bifurcated between tangible and intangible assets in a systematic manner

Johnson Matthey Chemicals India Pvt. Ltd vs. DCIT (ITAT Pune) After going through the terms of BTA, Novation Agreement, the Toll Agreement, we find no merit in the stand of Revenue in this regard. The learned Departmental Representative for the Revenue also was of the view that no part of slump price is to be attributed to the know-how, patents and trademarks, since the same has not been acquired by the assessee. Even if we accept the said stand of learned Departmental Representative for the Revenue, ultimately after the slump price has been attributed first to the value of tangible assets, th...