https://www.taxtmi.com/caselaws?id=367722 The Tribunal dismissed the assessee's appeal regarding the disallowance of depreciation on intangible assets, specifically brand names and trademarks, based on the precedent set in the assessee's previous case. The Tribunal held that the conversion of a partnership firm into a company did not constitute a transfer, and depreciation should be calculated based on the written down value of the assets in the predecessor firm. The issue of non-allowance of carried over losses for previous assessment years was mentioned but not elaborated upon in the judgment. en-us Wed, 08 Aug 2018 00:00:00 +0530 Tue, 25 Sep 2018 08:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367722 The Tribunal dismissed the assessee's appeal regarding the disallowance of depreciation on intangible assets, specifically brand names and trademarks, based on the precedent set in the assessee's previous case. The Tribunal held that the conversion of a partnership firm into a company did not constitute a transfer, and depreciation should be calculated based on the written down value of the assets in the predecessor firm. The issue of non-allowance of carried over losses for previous assessment years was mentioned but not elaborated upon in the judgment. Case-Laws Income Tax Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367722