Goodwill Depreciation Denied as Business Transfer Agreement Was Unsigned & Unregistered

Straumann Dental India LLP Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, dismissed the appeal filed by the assessee for Assessment Year 2017-18 and upheld the disallowance of depreciation claimed on goodwill. The dispute arose from the assessee’s claim of depreciation amounting to Rs. 16,16,02,326 on goodwill allegedly generated through a Business Transfer Agreement (BTA). The assessee, a Limited Liability Partnership (LLP), was converted from a private limited company on 26.10.2016 and was engaged in providing tooth replacement solutions, including dental implants, p...