https://www.taxtmi.com/caselaws?id=206901 The Tribunal directed the AO to reassess the value of intangible assets and allow depreciation accordingly, excluding the portion attributable to goodwill. It held that consistency cannot perpetuate an error and directed depreciation only on eligible intangible assets. The Tribunal dismissed the Revenue's appeal based on the Transfer Pricing Officer's order. The Tribunal instructed the AO to provide the assessee with an opportunity to be heard before passing the consequential order on rectification of carry forward losses. The Tribunal allowed the assessee's appeals for statistical purposes. en-us Thu, 25 Nov 2010 00:00:00 +0530 Sat, 25 Jul 2026 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206901 The Tribunal directed the AO to reassess the value of intangible assets and allow depreciation accordingly, excluding the portion attributable to goodwill. It held that consistency cannot perpetuate an error and directed depreciation only on eligible intangible assets. The Tribunal dismissed the Revenue's appeal based on the Transfer Pricing Officer's order. The Tribunal instructed the AO to provide the assessee with an opportunity to be heard before passing the consequential order on rectification of carry forward losses. The Tribunal allowed the assessee's appeals for statistical purposes. Case-Laws Income Tax Thu, 25 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206901