https://www.taxtmi.com/caselaws?id=391572 The Tribunal allowed the appeals filed by the assessee for A.Y. 2014-15 and A.Y. 2015-16. The orders passed by the Pr.CIT under Section 263 were set aside, restoring the original assessment orders by the AO. The Tribunal held that the AO had conducted adequate inquiries and had taken a possible and reasonable view in accepting the assessee's claim for depreciation on goodwill. The Pr.CIT exceeded his jurisdiction under Section 263 by revising the AO's orders. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sat, 01 Feb 2020 07:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391572 The Tribunal allowed the appeals filed by the assessee for A.Y. 2014-15 and A.Y. 2015-16. The orders passed by the Pr.CIT under Section 263 were set aside, restoring the original assessment orders by the AO. The Tribunal held that the AO had conducted adequate inquiries and had taken a possible and reasonable view in accepting the assessee's claim for depreciation on goodwill. The Pr.CIT exceeded his jurisdiction under Section 263 by revising the AO's orders. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391572