https://www.taxtmi.com/caselaws?id=472631 Revision under section 263 was sustained for verification of depreciation on goodwill and revalued intangible assets arising from amalgamation, including consequential written-down-value and brought-forward-loss claims, because the assessment record did not evidence examination or findings despite general depreciation details having been furnished. Revision failed for prior-period rent because it had already been voluntarily disallowed, causing no revenue prejudice, and for the amalgamating entity's disclosed income and expenditure because revised filings showed no assessment error. Depreciation on furniture and fittings for AY 2014-15 must be determined using the revised tax audit report and reconciled written-down value; the revised report cannot be disregarded. en-us Wed, 04 Jan 2023 00:00:00 +0530 Mon, 19 Oct 2026 12:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472631 Revision under section 263 was sustained for verification of depreciation on goodwill and revalued intangible assets arising from amalgamation, including consequential written-down-value and brought-forward-loss claims, because the assessment record did not evidence examination or findings despite general depreciation details having been furnished. Revision failed for prior-period rent because it had already been voluntarily disallowed, causing no revenue prejudice, and for the amalgamating entity's disclosed income and expenditure because revised filings showed no assessment error. Depreciation on furniture and fittings for AY 2014-15 must be determined using the revised tax audit report and reconciled written-down value; the revised report cannot be disregarded. Case-Laws Income Tax Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472631