This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Disallowance of Goodwill Depreciation Set Aside Due to Wrong Legal Test
Case Law Details
- Case Name
- Anshul Speciality Molecules Private Limited Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Anshul Speciality Molecules Private Limited Vs DCIT (ITAT Mumbai)
Depreciation on Goodwill from Slump Sale Allowed: ITAT Mumbai Follows Smifs Securities and Grindwell Norton, Distinguishes United Breweries
The Mumbai Bench of the ITAT allowed the assessee’s appeal for AY 2020-21 and deleted the disallowance of depreciation of ₹1.22 crore claimed on goodwill arising from acquisition of a manufacturing unit as a going concern by way of slump sale. The assessee had acquired the unit for a lump-sum consideration of ₹21 crore, and the excess of consideration over the fair value/book value of ...
Author Info
