![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]")
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...
![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/2025/09/15/250x150_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]](https://images.taxscan.in/h-upload/2025/09/15/250x150_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]")
![Delhi HC Orders Customs to Refund ₹19.22 Lakh with 6% Interest as Gold already Disposed Before OIO [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087488-delhi-hc-orders-customs-refund-gold-taxscan.webp "Delhi HC Orders Customs to Refund ₹19.22 Lakh with 6% Interest as Gold already Disposed Before OIO [Read Order]")
![Customs Duty Drawback Fraud: Delhi HC Allows Appeal on Beneficial Owner Applicability with Pre-deposit Adjustment [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087485-customs-duty-customs-drawback-fraud-delhi-hc-taxscan.webp "Customs Duty Drawback Fraud: Delhi HC Allows Appeal on Beneficial Owner Applicability with Pre-deposit Adjustment [Read Order]")
![ITC cannot Be Denied Merely Because Supplier’s Suppliers Defaulted: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087518-delhi-high-court-gst-itc-input-tax-credit-taxscan-1.webp "ITC cannot Be Denied Merely Because Supplier’s Suppliers Defaulted: Allahabad HC [Read Order]")
Income Tax Dept can Conduct Surprise Searches on Family’s Lockers over Suspicion of Undisclosed Assets: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that the Income Tax Department can conduct surprise searches on family lockers under Section 132 of the Income Tax Act, 1961, if there are valid reasons...
![Income Tax Dept can Conduct Surprise Searches on Family’s Lockers over Suspicion of Undisclosed Assets: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087478-2041942-locker-rentals.webp "Income Tax Dept can Conduct Surprise Searches on Family’s Lockers over Suspicion of Undisclosed Assets: Delhi HC [Read Order]")
Vehicle Intercepted for Non-Possession of E-Invoice: Madras HC Holds Timely Manual Appeal Valid, Directs Appellate Authority to Decide with Additional Evidence [Read Order]
The Madurai Bench of the Madras High Court has set aside the rejection of a GST ( Goods and Services Tax ) appeal filed in a case relating to the interception of a vehicle for non-possession of an...
![Vehicle Intercepted for Non-Possession of E-Invoice: Madras HC Holds Timely Manual Appeal Valid, Directs Appellate Authority to Decide with Additional Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087490-madras-high-court-vehicle-intercepted-for-non-possession-taxscan.webp "Vehicle Intercepted for Non-Possession of E-Invoice: Madras HC Holds Timely Manual Appeal Valid, Directs Appellate Authority to Decide with Additional Evidence [Read Order]")
Relief to JSW Steel: CESTAT Orders Cash Refund of ₹45.54 Lakh CVD & SAD Paid Post-GST Implementation [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowed a cash refund of ₹45,54,866 to JSW Steel towards Countervailing Duty (CVD) and Special Additional...
![Relief to JSW Steel: CESTAT Orders Cash Refund of ₹45.54 Lakh CVD & SAD Paid Post-GST Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087489-2072623-supreme-court-status-quo-pending-nclt-proceedings-jsw-steel-limited-taxscan.webp "Relief to JSW Steel: CESTAT Orders Cash Refund of ₹45.54 Lakh CVD & SAD Paid Post-GST Implementation [Read Order]")
![ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087421-gross-profit-rate-igp-enhancement-itat-taxscan.webp "ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]")
₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that the Centralized Processing Centre (CPC) had no jurisdiction to disallow a genuine payment of ₹3.80 lakh towards leave ...
![₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087410-leave-encashment-disallowed-itat-taxscan.webp "₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]")
₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held a one-time settlement from Kotak Mahindra Old Life Insurance as capital in nature and fully disclosed, and deleted a penalty of ...
![₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087407-penalty-one-time-settlement-itat-capital-in-nature-taxscan.webp "₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]")