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The ITAT set aside the question of depreciation on goodwill arising from amalgamation and remitted the matter to the file of the CIT(A) for de novo consideration, holding that the CIT(A) made no specific finding because the assessee failed to furnish essential documents (amalgamation order, pre- and post-amalgamation financials, goodwill computation) and did not dispute those facts. The CIT(A) is directed to call for the requisite documents, afford the assessee a fresh opportunity of hearing, and decide the issue on merits after considering any material the assessee may tender. The appeals of the assessee are allowed for statistical purposes.
The ITAT set aside the question of depreciation on goodwill arising from amalgamation and remitted the matter to the file of the CIT(A) for de novo consideration, holding that the CIT(A) made no specific finding because the assessee failed to furnish essential documents (amalgamation order, pre- and post-amalgamation financials, goodwill computation) and did not dispute those facts. The CIT(A) is directed to call for the requisite documents, afford the assessee a fresh opportunity of hearing, and decide the issue on merits after considering any material the assessee may tender. The appeals of the assessee are allowed for statistical purposes.
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