Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]

The Karnataka High Court held that the transfer of intangible assets for a valuable consideration by way of allotment of shares is entitled for depreciation. The assessee, M/s Padmini Products is a Private Limited Company engaged in the business of manufacturing, dealing and exporting incense sticks and allied products. The assessee succeeded in the business […]

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