Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
HC upheld ITAT's ruling allowing depreciation on goodwill acquired through amalgamation. Revenue authorities were estopped from challenging the scheme's validity since they failed to object when given notice during the amalgamation approval process. The Income Tax Department received scheme copy on July 8, 2015, with 15 days to respond but filed no objections by August 26, 2015. The share exchange ratio was explicitly included in paragraph 11.1 of the amalgamation scheme. ITAT considered that depreciation on goodwill was previously allowed for AY 2013-14 and initially for AY 2014-15 (though later reopened). HC found no grounds to interfere with ITAT's decision that CIT's order affirming AO's disallowance was erroneous.
HC upheld ITAT's ruling allowing depreciation on goodwill acquired through amalgamation. Revenue authorities were estopped from challenging the scheme's validity since they failed to object when given notice during the amalgamation approval process. The Income Tax Department received scheme copy on July 8, 2015, with 15 days to respond but filed no objections by August 26, 2015. The share exchange ratio was explicitly included in paragraph 11.1 of the amalgamation scheme. ITAT considered that depreciation on goodwill was previously allowed for AY 2013-14 and initially for AY 2014-15 (though later reopened). HC found no grounds to interfere with ITAT's decision that CIT's order affirming AO's disallowance was erroneous.
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