https://www.taxtmi.com/caselaws?id=269532 The court upheld the Tribunal's decision to admit the additional ground regarding depreciation on goodwill, deeming it a purely legal issue with existing facts on record. It emphasized the authority of appellate bodies to consider new legal contentions based on established facts. The appeal was dismissed, and the issue was remitted to the Assessing Officer for further proceedings in compliance with the law, ensuring a fair hearing for all parties involved. en-us Mon, 02 Nov 2015 00:00:00 +0530 Tue, 15 Dec 2015 22:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269532 The court upheld the Tribunal's decision to admit the additional ground regarding depreciation on goodwill, deeming it a purely legal issue with existing facts on record. It emphasized the authority of appellate bodies to consider new legal contentions based on established facts. The appeal was dismissed, and the issue was remitted to the Assessing Officer for further proceedings in compliance with the law, ensuring a fair hearing for all parties involved. Case-Laws Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269532