https://www.taxtmi.com/caselaws?id=405013 The Tribunal upheld the disallowance of the depreciation claim on goodwill and other intangibles, citing the valuation report as unreliable and the claimed goodwill as fictional. Legal precedents referenced were deemed inapplicable. The Tribunal did not address the enhanced disallowance amount as it was not considered by the CIT(A), ultimately dismissing the appeal. en-us Wed, 24 Feb 2021 00:00:00 +0530 Tue, 09 Mar 2021 12:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405013 The Tribunal upheld the disallowance of the depreciation claim on goodwill and other intangibles, citing the valuation report as unreliable and the claimed goodwill as fictional. Legal precedents referenced were deemed inapplicable. The Tribunal did not address the enhanced disallowance amount as it was not considered by the CIT(A), ultimately dismissing the appeal. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405013