https://www.taxtmi.com/caselaws?id=783087 SC dismissed the revenue's SLP challenging the HC order which had upheld the Tribunal's quashing of revision proceedings under s.263 regarding depreciation on goodwill arising from a demerger. The SC, after examining the impugned order, found no apparent error giving rise to any substantial question of law. It declined to take a lenient view on the delay in filing the SLP and held that the petition failed both on limitation and on merits, thereby sustaining the assessee's depreciation claim and the AO's original assessment order under s.143(3). en-us Fri, 05 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783087 SC dismissed the revenue's SLP challenging the HC order which had upheld the Tribunal's quashing of revision proceedings under s.263 regarding depreciation on goodwill arising from a demerger. The SC, after examining the impugned order, found no apparent error giving rise to any substantial question of law. It declined to take a lenient view on the delay in filing the SLP and held that the petition failed both on limitation and on merits, thereby sustaining the assessee's depreciation claim and the AO's original assessment order under s.143(3). Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783087