https://www.taxtmi.com/caselaws?id=793541 Depreciation on goodwill arising from acquisition of business units was claimed on the footing that the transaction was a slump sale and the goodwill formed part of the block of intangible assets. The appellate authority accepted the claim and deleted the disallowance without obtaining a remand report or factual response from the Assessing Officer, despite the Revenue's objection that the transaction had been mischaracterised and required verification. The matter was therefore found to need fresh factual scrutiny at the appellate stage, including the additional ground that the assessment order had been passed in the name of a non-existent entity. The deletion was set aside and the issue was remanded for de novo adjudication after hearing both sides. en-us Mon, 08 Jun 2026 00:00:00 +0530 Thu, 18 Jun 2026 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793541 Depreciation on goodwill arising from acquisition of business units was claimed on the footing that the transaction was a slump sale and the goodwill formed part of the block of intangible assets. The appellate authority accepted the claim and deleted the disallowance without obtaining a remand report or factual response from the Assessing Officer, despite the Revenue's objection that the transaction had been mischaracterised and required verification. The matter was therefore found to need fresh factual scrutiny at the appellate stage, including the additional ground that the assessment order had been passed in the name of a non-existent entity. The deletion was set aside and the issue was remanded for de novo adjudication after hearing both sides. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793541