Depreciation u/s. 32 allowable on goodwill acquired under slump sale: ITAT Mumbai

POONAM GANDHI 07 Feb 2024 1,722 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Vodafone India Services Pvt Ltd Vs DCIT (ITAT Mumbai)

Appeal Number : I.T.A. No.2241/Ahd/2018

Date of Judgement/Order : 18/12/2023

Related Assessment Year : 2009-10

Courts : All ITAT ITAT Mumbai

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Vodafone India Services Pvt Ltd Vs DCIT (ITAT Mumbai)

ITAT Mumbai held the goodwill arising on business reorganization i.e. amalgamation, slump sale, demerger etc. is a depreciable intangible asset under section 32 of the Income Tax Act.

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Case Law Details

Vodafone India Services Pvt Ltd Vs DCIT (ITAT Mumbai)

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Author Bio

Name: POONAM GANDHI

Qualification: CA in Practice

Company: N/A

Location: AHMEDABAD, Gujarat, India

Member Since: 14 Feb 2019 | Total Posts: 5433

My Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

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