Case Law Details
Case Name : Hindustan Coca Cola Beverages Pvt. Ltd. Vs. DCIT (ITAT Delhi)
Related Assessment Year : 2001- 2002
Courts :
All ITAT ITAT Delhi
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SUMMARY OF CASE LAW
Even if an asset is described as goodwill but it fits in the description of section 32(1)(ii), depreciation is to be granted on the same; the true basis of depreciation allowance is the character of the asset and not it’s description.
RELEVANT PARAGRAPH
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