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![Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-mumbai-section-32-of-income-tax-act-goodwill-aquired-from-subsidiary-company-taxscan.jpg "Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]")
Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the assessee was eligible to claim depreciation on the cost of goodwill...
![Goodwill is an Intangible asset, Depreciation Allowable u/s 32(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Hyderabad-Goodwill-Intangible-asset-Taxation-on-depreciation-taxscan.jpg "Goodwill is an Intangible asset, Depreciation Allowable u/s 32(1) of Income Tax Act: ITAT [Read Order]")
![ITAT directs Re adjudication in Respect of Depreciation Claimed on Goodwill arising on Acquisition of Business under Slump Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Bangalore-Income-Tax-Goodwill-depreciation-I-and-B-Seeds-Private-Limited-Hybrid-seeds-business-taxscan.jpg "ITAT directs Re adjudication in Respect of Depreciation Claimed on Goodwill arising on Acquisition of Business under Slump Sale [Read Order]")
![Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Goodwill-Denied-ground-Adopting-DFC-Method-Capital-Gain-Claim-Slump-Sale-ITAT-TAXSCAN1.jpg "Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]")
![An Amalgamated Company can claim Depreciation on Goodwill, No restriction u/s 32(1)(5): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Amalgamated-Company-Depreciation-Goodwill-ITAT-taxscan.jpg "An Amalgamated Company can claim Depreciation on Goodwill, No restriction u/s 32(1)(5): ITAT [Read Order]")
Reduction of Goodwill from Block of Assets to be considered as ‘Transfer’: Finance Bill, 2022 amends Provision [Read Finance Bill]
From the assessment year 2021-2022, goodwill of a business or profession is not considered as a depreciable asset and there would not be any depreciation on goodwill of a business or profession in...
![Reduction of Goodwill from Block of Assets to be considered as ‘Transfer’: Finance Bill, 2022 amends Provision [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2022/02/Finance-Bill-2022-Reduction-of-Goodwill-Budget-2022-Budget-scan-Budget-session-taxscan-1.jpg "Reduction of Goodwill from Block of Assets to be considered as ‘Transfer’: Finance Bill, 2022 amends Provision [Read Finance Bill]")
![Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Geodis-Overseas-depreciation-on-goodwill-ITAT-Taxscan.jpg "Geodis Overseas entitled to depreciation on goodwill: ITAT [Read Order]")
