https://www.taxtmi.com/caselaws?id=450308 Goodwill arising from amalgamation was treated as an intangible asset eligible for depreciation under the pre-amendment regime, because it fell within the expression covering business or commercial rights of similar nature; the later exclusion of goodwill was held prospective, and the disallowance was unsustainable. An assessment made in the name of a company that had ceased to exist after conversion into an LLP was void for lack of jurisdiction, and the defect was not cured by the assessee's use of the old name in return and appeal filings. Both substantive challenges succeeded and the assessment could not stand. en-us Wed, 21 Feb 2024 00:00:00 +0530 Fri, 01 Mar 2024 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450308 Goodwill arising from amalgamation was treated as an intangible asset eligible for depreciation under the pre-amendment regime, because it fell within the expression covering business or commercial rights of similar nature; the later exclusion of goodwill was held prospective, and the disallowance was unsustainable. An assessment made in the name of a company that had ceased to exist after conversion into an LLP was void for lack of jurisdiction, and the defect was not cured by the assessee's use of the old name in return and appeal filings. Both substantive challenges succeeded and the assessment could not stand. Case-Laws Income Tax Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450308