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ITAT Grants Major Relief to Nirma Ltd. on Subsidy, 80IA Claim & Goodwill Depreciation
Case Law Details
- Case Name
- Nirma Ltd. Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Ahmedabad
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Nirma Ltd. Vs DCIT (ITAT Ahmedabad)
Sales Tax Subsidy Held Capital Receipt, 80IA Deduction for Captive Power Allowed, Depreciation on Goodwill Restored – Nirma Ltd. Gets Major Relief – ITAT Ahmedabad
Ahmedabad Tribunal decided cross appeals of Assessee & Revenue arising from large disallowances & additions relating to subsidy, depreciation, 80IA deduction, goodwill & allied issues.
Assessee, a public limited company engaged in manufacturing consumer & industrial products under the brand “Nirma”, had undergone amalgamations including with Saurashtra Chemicals Ltd. AO...
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