Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
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Disallowance of depreciation claimed on the “Goodwill” - The Tribunal reiterated its earlier decision and held that the assessee was entitled to claim depreciation on "Goodwill" arising from the amalgamation, following the precedent set in its own case. Since the year under consideration was the second year of the claim for depreciation on "Goodwill," it was deemed academic to determine eligibility, as depreciation was to be calculated on the opening Written Down Value (WDV) of the asset.
Disallowance of depreciation claimed on the “Goodwill” - The Tribunal reiterated its earlier decision and held that the assessee was entitled to claim depreciation on "Goodwill" arising from the amalgamation, following the precedent set in its own case. Since the year under consideration was the second year of the claim for depreciation on "Goodwill," it was deemed academic to determine eligibility, as depreciation was to be calculated on the opening Written Down Value (WDV) of the asset.
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