The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that the network rights can be treated as goodwill for which, depreciation is allowable under Section 32 of the Income Tax Act, 1961. The assessee, a Company engaged in the Cable TV business, entered into an agreement for the purchase of Cable TV business of […]
The post Network Rights is Goodwill: ITAT allows Depreciation [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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