Depreciation allowable for Goodwill on Exclusive Rights such as Patents and Trademarks: Delhi HC [Read Order]

Depreciation - Goodwill - Patents - Trademarks - Delhi HC - taxscan

The Delhi High Court, in a recent ruling has held in favour of the assessees, Daikin Shriram Aircon Pvt Ltd and Daikin Air Conditioning India Pvt Ltd that, the assessee is entitled to claim depreciation under Section 32(1)(ii) of the Income Tax Act, 1961 on the Intellectual Property Rights such as Patents and Trademarks purchased…

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