Revision u/s 263 - depreciation on goodwill claimed by the ...

Case Laws Income Tax

May 3, 2023

Revision u/s 263 - depreciation on goodwill claimed by the amalgamated company - The amalgamating company has not claimed any depreciation. The burden cast upon the Assessing Officer to call for the details and examine the same. AO has totally ignored the artificial creation of goodwill for claiming depreciation - the assessment order passed by the AO is erroneous and prejudicial to the interest of Revenue - AT

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Revision u/s 263 - depreciation on goodwill claimed by the ...

Case Laws Income Tax

May 3, 2023

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