Delhi HC Allows Depreciation on Goodwill created due to amalgamation

PCIT Vs Eltek SGS Pvt Ltd (Delhi High Court)

Introduction: This analysis delves into the case of “PCIT vs Eltek SGS Pvt Ltd” heard in the Delhi High Court. The case revolves around the allowance of depreciation on goodwill arising from an amalgamation, even in the absence of actual cash payment. The central question is whether goodwill can be subject to depreciation despite no tangible cash outlay.

Analysis: The dispute in this case stems from the Income Tax DepartmentR

Please become a Premium member. If you are already a Premium member, login here to access the full content.