Tag Archives: Magick Woods Exports (P.) Ltd.

Disallowance of depreciation on opening WDV of goodwill and vendor compliance expenses deleted in assessee’s favour.

By | August 27, 2026

Disallowance of depreciation on opening WDV of goodwill and vendor compliance expenses deleted in assessee’s favour. Issue Whether the Assessing Officer was justified in re-examining and disallowing depreciation on the opening WDV of goodwill by treating its actual cost as nil, despite the issue being settled in the year of amalgamation. Whether the disallowance of… Read More »