https://www.taxtmi.com/caselaws?id=442982 The ITAT partly allowed the appeal, restoring the issues of depreciation on goodwill, distribution network, and customer relations to the CIT(A) for re-examination. The disallowance of depreciation on goodwill was challenged, with the ITAT noting the pending appeal. The CIT(A) and AO disallowed depreciation on the distribution network and customer relations due to lack of evidence of acquisition costs. Claims related to adjustments under sections 143(1) and 36(1)(va) were dismissed. The refund claim for excess Dividend Distribution Tax was rejected based on precedent. en-us Mon, 11 Sep 2023 00:00:00 +0530 Wed, 13 Sep 2023 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442982 The ITAT partly allowed the appeal, restoring the issues of depreciation on goodwill, distribution network, and customer relations to the CIT(A) for re-examination. The disallowance of depreciation on goodwill was challenged, with the ITAT noting the pending appeal. The CIT(A) and AO disallowed depreciation on the distribution network and customer relations due to lack of evidence of acquisition costs. Claims related to adjustments under sections 143(1) and 36(1)(va) were dismissed. The refund claim for excess Dividend Distribution Tax was rejected based on precedent. Case-Laws Income Tax Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442982