https://www.taxtmi.com/caselaws?id=410708 The ITAT allowed the assessee's appeal on all issues, including the claim for depreciation on goodwill, the use of the purchase method for accounting the amalgamation, the DCF method for valuing goodwill, and the applicability of Section 56(2)(viib). The ITAT also upheld the CIT(A)'s decision to allow the benefit of brought forward losses and unabsorbed depreciation. The Revenue's appeal was dismissed in its entirety. en-us Mon, 02 Aug 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410708 The ITAT allowed the assessee's appeal on all issues, including the claim for depreciation on goodwill, the use of the purchase method for accounting the amalgamation, the DCF method for valuing goodwill, and the applicability of Section 56(2)(viib). The ITAT also upheld the CIT(A)'s decision to allow the benefit of brought forward losses and unabsorbed depreciation. The Revenue's appeal was dismissed in its entirety. Case-Laws Income Tax Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410708