https://www.taxtmi.com/caselaws?id=303869 The High Court set aside the ITAT's common order in Stay Petitions, which disallowed depreciation on brand value and dismissed stay petitions. The Court criticized the lack of proper reasoning in the ITAT's decision-making process and directed the ITAT to reexamine the case with detailed reasoning. The petitioner was required to make specified payments within a timeframe, and the ITAT was instructed to dispose of the main appeals promptly, with an interim stay on recovery until then. en-us Thu, 10 Oct 2019 00:00:00 +0530 Sun, 21 Aug 2022 19:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303869 The High Court set aside the ITAT's common order in Stay Petitions, which disallowed depreciation on brand value and dismissed stay petitions. The Court criticized the lack of proper reasoning in the ITAT's decision-making process and directed the ITAT to reexamine the case with detailed reasoning. The petitioner was required to make specified payments within a timeframe, and the ITAT was instructed to dispose of the main appeals promptly, with an interim stay on recovery until then. Case-Laws Income Tax Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303869