Disallowance of depreciation on goodwill - now when the order of ...

Tribunal Quashes Pr.CIT Order; Disallowance of Goodwill Depreciation by A.O. u/s 263 Cannot Stand Independently.

April 20, 2021

Case Laws Income Tax AT

Disallowance of depreciation on goodwill - now when the order of the Pr.CIT under Sec. 263, dated 21.02.2016 had been quashed by the Tribunal, therefore, the disallowance of depreciation on goodwill made by the A.O by relying on the order passed by his predecessor under Sec. 143(3) r.w.s 263, dated 30.12.2016, cannot survive on a standalone basis and was liable to be vacated - AT

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Disallowance of depreciation on goodwill - now when the order of ...

Tribunal Quashes Pr.CIT Order; Disallowance of Goodwill Depreciation by A.O. u/s 263 Cannot Stand Independently.

April 20, 2021

Case Laws Income Tax AT

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