https://www.taxtmi.com/caselaws?id=783055 ITAT set aside DRP's denial of depreciation on goodwill arising from slump sale acquisitions, holding the amendment to s.32(1) by Finance Act 2021 to be prospective, and remanded the issue to AO for fresh adjudication after considering additional evidence, without expressing any view on merits. On addition under s.28(iv) for free-of-cost assets, ITAT directed AO to delete the addition to the extent the assessee proves that such assets were re-exported or destroyed under owner's instructions, following its own ruling for earlier AY. On disallowance under s.40(a)(i) for alleged TDS default, ITAT remanded the matter for AO to verify lower/nil deduction certificates under ss.194C and 194I. en-us Fri, 28 Nov 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783055 ITAT set aside DRP's denial of depreciation on goodwill arising from slump sale acquisitions, holding the amendment to s.32(1) by Finance Act 2021 to be prospective, and remanded the issue to AO for fresh adjudication after considering additional evidence, without expressing any view on merits. On addition under s.28(iv) for free-of-cost assets, ITAT directed AO to delete the addition to the extent the assessee proves that such assets were re-exported or destroyed under owner's instructions, following its own ruling for earlier AY. On disallowance under s.40(a)(i) for alleged TDS default, ITAT remanded the matter for AO to verify lower/nil deduction certificates under ss.194C and 194I. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783055