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2019 (9) TMI 1350 - ITAT BANGALORERevision u/s 263 - assessee is aggrieved by the revision order passed in respect of expenditure claimed as “good will” - HELD THAT:- AO did not conduct any enquiry at all with regard to the claim of “Good Will” made by the assessee. The Ld A.R also could not demonstrate that the AO did conduct enquiry and has taken a possible view. AO has passed the order without making any enquiry on this issue and the same would render the order erroneous and in view of its tax implications, the same would cause prejudice to the interests of revenue. With regard to the contention of the assessee that the assessment order cannot be considered to be prejudicial to the interests of revenue on account of the eligibility of the assessee to claim depreciation on the Good Will amount, we are of the view that the said claim does not arise out of the assessment order and hence the same cannot be considered. - Decided against assessee.
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