DEPRECIATION ON GOODWILL

Contents

  • Background on depreciation on intangible assets

  • Position prior to Supreme Court judgement in Smifs Securities

  • Supreme Court judgement in Smifs Securities

  • Position after Supreme Court judgement in Smifs Securities

  • Amendments enacted by Finance Act, 2021

  • Impact of the amendments enacted by the Finance Act, 2021

  • Closing remarks

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