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Separate consideration paid while acquiring shares to get commercial rights of marketing was goodwill; depreciable
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Corporate Tax
Separate consideration paid while acquiring shares to get commercial rights of marketing was goodwill; depreciable
Posted on
on
September 2, 2015
Tenet Tax Daily August 29 2015
By
tenettax-team
Corporate Tax
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Even if advance forfeited by supplier wasn’t allowable as bad-debt, yet it could be considered as business loss
Debit note raised by foreign buyer for carrying out repairs on goods exported by assessee was allowable deduction
