Advika Dwivedi
MAT Adjustment on Goodwill Amortisation Not Permissible: ITAT Rules in Favour of SC Johnson Pvt Ltd
The Income Tax Appellate Tribunal (ITAT), Delhi has held that amortisation of goodwill, arising from a scheme of amalgamation approved by the Delhi...
![Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088070-itat-quashes-income-tax-reassessment-taxscan.webp "Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]")
![Gauhati HC Quashes Indian Oil’s CST Demand: ‘C’ Form for Concessional Tax Rate Wrongly Denied on Basis of Quashed Circular [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088063-gauhati-hc-indian-oils-cst-demand-taxscan.webp "Gauhati HC Quashes Indian Oil’s CST Demand: ‘C’ Form for Concessional Tax Rate Wrongly Denied on Basis of Quashed Circular [Read Order]")
![MEIS Subsidy Classification a Debatable Issue, Cannot be Rectified u/s 154: ITAT Upholds Deletion of ₹1.84 Crore Taxable Income [Read Order]](https://images.taxscan.in/h-upload/2025/09/17/250x150_2088066-itat-upholds-meis-subsidy-taxable-income-taxscan.webp "MEIS Subsidy Classification a Debatable Issue, Cannot be Rectified u/s 154: ITAT Upholds Deletion of ₹1.84 Crore Taxable Income [Read Order]")
![Sales Tax Subsidy under Backward Area Development Scheme Classified as Capital Receipt: ITAT Excludes Computation u/s. 115JB [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087575-capital-receipt-taxscan.webp "Sales Tax Subsidy under Backward Area Development Scheme Classified as Capital Receipt: ITAT Excludes Computation u/s. 115JB [Read Order]")
Excess Depreciation on Intangible Assets Allowed: ITAT Upholds Consistency in Nirma’s Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), ITAT Ahmedabad Bench, has ruled in favor of the assessee on the issue of depreciation claimed on intangible assets, rejecting the Revenue’s attempt to...
![Excess Depreciation on Intangible Assets Allowed: ITAT Upholds Consistency in Nirma’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087570-itat-ahmedabad-excess-depreciation-intangible-assets-taxscan.webp "Excess Depreciation on Intangible Assets Allowed: ITAT Upholds Consistency in Nirma’s Case [Read Order]")
Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of Finance Act Amendments [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has ruled in favor of the assessee on the issue of depreciation on goodwill, holding that depreciation is allowable on goodwill arising from...
![Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of Finance Act Amendments [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087563-amalgamation-valid-taxscan.webp "Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of Finance Act Amendments [Read Order]")
No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi, has struck down reassessment proceedings, holding that the Assessing Officer’s (AO) computation of book profits at over ₹69 crores was unsupported...
![No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087513-itat-delhi-sc-johnson-case-reassessment-quashed-taxscan.webp "No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment Against S.C. Johnson Pvt. Ltd. [Read Order]")
Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of S.C. Johnson Pvt. Ltd. [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi, has upheld a corporate taxpayer’s accounting treatment of goodwill arising out of amalgamation, ruling that amortization of goodwill is allowed...
![Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of S.C. Johnson Pvt. Ltd. [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087510-depreciation-on-goodwill-arising-goodwill-arising-book-profits-taxscan.webp "Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of S.C. Johnson Pvt. Ltd. [Read Order]")
Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under Section 263 of theIncome Tax Act, 1961, holding that the...
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]")
AO's Estimation Approach Invalid When Books Accepted: ITAT Deletes Ad Hoc Income Tax Additions on Purchases and Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, held that ad hoc income tax additions made on purchases and expenses cannot be sustained in the absence of any defects in the assessee’s audited books...
![AOs Estimation Approach Invalid When Books Accepted: ITAT Deletes Ad Hoc Income Tax Additions on Purchases and Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085900-income-tax-addition-taxscan.webp "AOs Estimation Approach Invalid When Books Accepted: ITAT Deletes Ad Hoc Income Tax Additions on Purchases and Expenses [Read Order]")