Delhi HC Admits Appeal as ITAT Relied on Inapplicable Section 56 Provisions for Valuation

BE Pharmaceuticals Private Limited Vs ACIT (Delhi High Court) The Delhi High Court admitted appeals filed by the assessee under Section 260A of the Income Tax Act, 1961, challenging an order of the Income Tax Appellate Tribunal (ITAT) dated 28 October 2025 concerning depreciation claims arising from the acquisition of business assets through a slump sale transaction. The assessee had purchased the assets of another company, including a manufacturing plant in Himachal Pradesh, for a total consideration of ₹281.28 crore. According to the assessee, ₹137.19 crore represented the value of tangi...