{"id":10070,"date":"2020-02-24T02:03:00","date_gmt":"2020-02-24T02:03:00","guid":{"rendered":"http:\/\/itatonline.org\/digest\/mylan-laboratories-ltd-v-dcit-2020-180-itd-558-hyd-trib-2\/"},"modified":"2021-06-12T10:58:26","modified_gmt":"2021-06-12T05:28:26","slug":"mylan-laboratories-ltd-v-dcit-2020-180-itd-558-hyd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mylan-laboratories-ltd-v-dcit-2020-180-itd-558-hyd-trib-2\/","title":{"rendered":"Mylan Laboratories Ltd. v. DCIT (2020) 180 ITD 558 \/ 187 DTR 259\/ 204 TTJ 426(Hyd) (Trib.)"},"content":{"rendered":"<p>Assessee had amalgamated with a company by way of an acquisition\/purchase .It claimed depreciation on goodwill being excess amount paid over net value of assets and liabilities . AO disallowed the depreciation.\u00a0 Tribunal held that in view of AS-14, consideration paid in excess of net value of assets and liabilities of amalgamating company is to be treated as goodwill and; goodwill is an intangible asset and depreciation is allowable thereon. Accordingly\u00a0 the assessee is\u00a0 eligible for depreciation on goodwill. (AY. 2014 -15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32: Depreciation- Good will- Amalgamation- Purchase, consideration paid in excess of net value of assets and liabilities of amalgamating company was to be treated as goodwill- Entitle to depreciation .<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10070","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Cq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10070"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10070\/revisions"}],"predecessor-version":[{"id":19222,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10070\/revisions\/19222"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}