Customer/supplier base acquired along with business was intangible asset; entitled to depreciation

April 24, 2015[2015] 56 taxmann.com 217 (Pune - Trib.)

IT: Where assessee acquired a business which included intangible assets such as customer base, technical know-how, manpower, etc., depreciation under section 32(1)(ii) was to be allowed on same as intangible assets