Karnataka High Court allows depreciation on intangible assets vested in a Company on corporatization of the Partnership Firm

The Hon’ble Karnataka High Court in its recent ruling1 has upheld the allowance of tax depreciation on intangible assets vested in a Company pursuant to corporatization (i.e. conversion) of a Partnership Firm (‘Firm’) into a Company
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RBSA Advisors - Thumbanil Depriciation on Intangible Website Inside 2

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