#section 32
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645 articlesIncome Tax

Income Tax
ITAT directs AO to consider allowability of Additional depreciation claimed during assessment proceedings
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ITAT allows depreciation on Goodwill
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ITAT allows depreciation on car despite non-production of car purchase Invoice
Income Tax![Budget 2021 – Goodwill, no longer a depreciable asset [effective from April 1, 2021]](https://taxguru.in/wp-content/uploads/2026/07/Income-Tax-1.jpg)
![Budget 2021 – Goodwill, no longer a depreciable asset [effective from April 1, 2021]](https://taxguru.in/wp-content/uploads/2026/07/Income-Tax-1.jpg)
Income Tax
Budget 2021 – Goodwill, no longer a depreciable asset [effective from April 1, 2021]
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Depreciation Allowable on owned Assets rented for manufacturing
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Depreciation allowable on fixed assets purchased by assessee in cash
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No more Depreciation allowed on Goodwill
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Depreciation on Goodwill
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No Depreciation on Goodwill- Finance Bill 2021
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Balance Unclaimed additional depreciation allowable in immediately succeeding assessment year
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Depreciation eligible on Bus Terminal constructed on BOT basis
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Depreciation eligible on right to collect Adda fees against expense on construction of Bus Terminal
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ITAT allows Depreciation to Trust- Section 11(6) amendment is prospective
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Income Tax
