Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (6) TMI 1658 - AT - Income TaxOrder of CIT-A u/s.250(6) - whether the order passed by the CIT(A) in treating the balancing figure at the time of amalgamation as goodwill and allowing the depreciation on the same is sustainable in the eye of law? - HELD THAT:- We have perused relevant materials on record. We have also gone through the judgement of the Hon’ble Gujarat High Court wherein the issue has been decided in favour of assessee in assessee’s own case for AYs 2010-11, 2011-12 & 2012-13. The Hon’ble Gujarat High Court while dismissing the appeal preferred by the Revenue and upheld grant of depreciation on goodwill - decided against revenue.
|