ITAT Chennai Remands Case on Depreciation Claim for Goodwill Arising from Amalgamation

Dynaspede Integrated Systems Pvt. Ltd Vs DCIT (ITAT Chennai) ITAT Chennai set aside disallowance of depreciation on goodwill arising from amalgamation for AYs 2013-14 and 2014-15, remanding the matter to the CIT(A) for fresh adjudication. The Tribunal noted that necessary documents like amalgamation order and goodwill calculation were not submitted earlier, and directed the assessee to provide requisite evidence while ensuring due opportunity of hearing. The appeals filed by Dynaspede Integrated Systems Pvt. Ltd. against the orders of the Commissioner of Income-tax (Appeals), NFAC Delhi, for ...