Tribunal Confirms Jurisdiction: Depreciation on Goodwill Allowed Despite Initial Failure to Claim in Tax Returns.

Tribunal Confirms Jurisdiction: Depreciation on Goodwill Allowed Despite Initial Failure to Claim in Tax Returns. https://www.taxtmi.com/highlights?id=48283 Depreciation on goodwill - goodwill generated in the process of amalgamation - assessee failed to claim depreciaion in the original ITR or revised ITR but claimed first time before the Tribunal - AO directed to allow deprecation on goodwill - Tribunal has jurisdiction to examine the question of law. en-us Tue, 30 Jul 2019 07:46:02 +0530 Tue, 30 Jul 2019 07:44:19 +0530 TaxTMI RSS Generator Tribunal Confirms Jurisdiction: Depreciation on Goodwill Allowed Despite Initial Failure to Claim in Tax Returns. https://www.taxtmi.com/highlights?id=48283 Depreciation on goodwill - goodwill generated in the process of amalgamation - assessee failed to claim depreciaion in the original ITR or revised ITR but claimed first time before the Tribunal - AO directed to allow deprecation on goodwill - Tribunal has jurisdiction to examine the question of law. Highlights Income Tax Tue, 30 Jul 2019 07:46:02 +0530 https://www.taxtmi.com/highlights?id=48283