#section 32
Log in to FollowEvery article filed under the “section 32” tag — analysis, news and updates.
645 articlesIncome Tax
Income Tax
Right to operate toll roads & collect toll charges is an intangible asset
Income Tax
Income Tax
Depreciation on goodwill allowable once existence of goodwill is established
Income Tax
Income Tax
No transfer of assets in case of shifting of plant & machinery from fixed to current assets
Income Tax
Income Tax
Toll Collection Rights – An intangible Asset
Income Tax
Income Tax
Disallowance u/s. 14A cannot be more than exempt income
Goods and Services Tax
Goods and Services Tax
Adjustment of refund towards amount of tax due without any notice is unjustified
Income Tax
Income Tax
Secretion 32 – No condition of put to use once asset falls within a particular block
Income Tax
Income Tax
Amount paid wholly and exclusively for business purpose is allowable expenditure
Income Tax
Income Tax
Brought forward unabsorbed depreciation can be set-off against income from other sources allowed
Income Tax
Income Tax
Proceedings u/s 263 unsustainable as enquiry already carried out by AO
Income Tax
Income Tax
Depreciation on goodwill cannot be rejected merely because performance didn’t match projection
Income Tax
Income Tax
Reopening based on assessment record without tangible material is unsustainable
Income Tax
Income Tax
Deduction u/s 80HHE is allowed against gross total income
Income Tax
Income Tax
