Tribunal held that goodwill in books of assessee on account of rounding off of decimal in share exchange ratio not an artificial one accordingly entitle to depreciation. (AY. 2014-15)
Mtandt Rentals Ltd. v. ITO (2018) 65 ITR 63 (SN) (Chennai) (Trib)
S.32: Depreciation — Goodwill —Goodwill in books of assessee on account of rounding off of decimal in share exchange ratio not an artificial one- Entitle depreciation.