https://www.taxtmi.com/caselaws?id=418720 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263 for A.Y. 2016-17 and 2017-18, upholding the original assessment orders. It found that the Assessing Officer had conducted detailed inquiries and the claims for depreciation on goodwill and deduction under Section 35(2AB) were justified based on substantial documentation and legal precedents. The appeals were allowed in favor of the assessee. en-us Wed, 17 Nov 2021 00:00:00 +0530 Mon, 08 Aug 2022 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418720 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263 for A.Y. 2016-17 and 2017-18, upholding the original assessment orders. It found that the Assessing Officer had conducted detailed inquiries and the claims for depreciation on goodwill and deduction under Section 35(2AB) were justified based on substantial documentation and legal precedents. The appeals were allowed in favor of the assessee. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418720