JANES DEFENSE INDIA LLP,DELHI vs. ASSESSMENT UNIT, DEPUTY COMMISSIONER OF INCOME TAX, DELHI

ITA 5387/DEL/2024Status: DisposedITAT Delhi31 July 2026AY 2021-2222 pages

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Income Tax Appellate Tribunal, DELHI BENCH ‘I’: NEW DELHI

For Appellant: Ms. Shashi M. Kapila, Advocate, Shri Pravesh Sharma, Advocate, Shri Sushil Kumar, Advocate
For Respondent: Shri Dharm Veer Singh, CIT DR
Hearing: 18.05.2026Pronounced: 31.07.2026

PER S.RIFAURRAHMAN, AM:

1.

This appeal filed by the assessee is directed against the assessment order dated 27.09.2024 passed by the DCIT, Circle 38 (2), Delhi under section 143(3) read with section 144(C)(13) and 144B of the Income-tax Act, 1961 (for short ‘the Act”) for Assessment Year 2021-22 pursuant to the directions of the Dispute Resolution Panel u/s 144C (5) of the Act.

2

2.

The only issue raised by the assessee is with regard to goodwill and the grounds raised to this issue are as under :-

“Issue for adjudication: Whether the Amortization of Goodwill can be treated as an operating expense for purposes of comp

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