https://www.taxtmi.com/caselaws?id=387430 ITAT AHMEDABAD allowed the assessee's claim for depreciation on intangible assets/goodwill acquired in an amalgamation, directing the AO to permit the deduction. Although the transaction was scrutinized as an impermissible device to claim excess depreciation, the tribunal held that depreciation allowed in the first assessment year of amalgamation attained finality and, under the principle of consistency (as applied by HC authority), could not be disturbed in subsequent years absent changed facts. The appeal was allowed. en-us Wed, 16 Oct 2019 00:00:00 +0530 Sat, 27 Sep 2025 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387430 ITAT AHMEDABAD allowed the assessee's claim for depreciation on intangible assets/goodwill acquired in an amalgamation, directing the AO to permit the deduction. Although the transaction was scrutinized as an impermissible device to claim excess depreciation, the tribunal held that depreciation allowed in the first assessment year of amalgamation attained finality and, under the principle of consistency (as applied by HC authority), could not be disturbed in subsequent years absent changed facts. The appeal was allowed. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387430