https://www.taxtmi.com/caselaws?id=782004 ITAT upheld the order of CIT(A) in favour of the assessee, holding that legal and consultancy expenses incurred in connection with amalgamation under a composite scheme of arrangement were eligible for amortisation under section 35DD. ITAT accepted that the assessee had correctly computed book profits under section 115JB, relying on Form 29B filed with the return, which had not been rejected by the AO. ITAT found the CIT(A)'s reasoning well-supported by sections 35DD and 115JB, and noted that the revenue had produced no contrary evidence. Consequently, the revenue's appeal was dismissed. en-us Thu, 24 Jul 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782004 ITAT upheld the order of CIT(A) in favour of the assessee, holding that legal and consultancy expenses incurred in connection with amalgamation under a composite scheme of arrangement were eligible for amortisation under section 35DD. ITAT accepted that the assessee had correctly computed book profits under section 115JB, relying on Form 29B filed with the return, which had not been rejected by the AO. ITAT found the CIT(A)'s reasoning well-supported by sections 35DD and 115JB, and noted that the revenue had produced no contrary evidence. Consequently, the revenue's appeal was dismissed. Case-Laws Income Tax Thu, 24 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782004