Depreciation on Goodwill cannot be Denied on ground of Adopting DFC Method when AO Accepted Capital Gain Claim for Slump Sale: ITAT [Read Order]

Goodwill - Denied - ground - Adopting - DFC - Method - Capital - Gain - Claim - Slump - Sale - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the depreciation claim on goodwill cannot be denied merely on ground of adopting discounted cash flow (DFC) method when the Assessing Officer has already accepted the capital gain in respect of slump sale under section 47(iv) of the Income Tax Act, 1961. The Revenue…

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