https://www.taxtmi.com/caselaws?id=288046 The ITAT upheld the revision order passed by Ld Pr. CIT, dismissing the appeal filed by the assessee challenging the assessment of expenditure claimed as "good will" for AY 2011-12. The ITAT found the assessment order to be erroneous as the AO had not investigated the claim, and determined it to be prejudicial to the interests of revenue. Therefore, the revision order was deemed valid, and the appeal was rejected. en-us Fri, 27 Sep 2019 00:00:00 +0530 Fri, 15 May 2020 09:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288046 The ITAT upheld the revision order passed by Ld Pr. CIT, dismissing the appeal filed by the assessee challenging the assessment of expenditure claimed as "good will" for AY 2011-12. The ITAT found the assessment order to be erroneous as the AO had not investigated the claim, and determined it to be prejudicial to the interests of revenue. Therefore, the revision order was deemed valid, and the appeal was rejected. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288046