ACIT CENTRAL CIRCLE 1(3), AHMEDABAD vs. UNICORN PACKAGING LLP, AHMEDABAD

ITA 894/AHD/2025Status: DisposedITAT Ahmedabad25 February 2026AY 2016-17Bench: Shri Sanjay Garg (Judicial Member), Shri Narendra Prasad Sinha, Accountant Member | Sl. No(s) | आयकर अपील सं/ ITA No(s) | निर्धारण वर्ष/ Assess- ment Year(s) | अपीलार्थी/ Appellant | Appeal(s) by : बनाम/vs. | प्रत्यर्थी / Respondent | |---|---|---|---|---|---| | 1. | 893/Ahd/2025 | 2016-17 | The ACIT Central Circle 1(3) Ahmedabad - 380 014 | Unicorn Packaging LLP Urmin House Ground Floor Sindhu Bhavan Road B/S. HOF Living Off. SG Highway Bodakdev Ahmedabad - 380 059 PAN: AAEFU 5939 L | (Rev16 pages
AI SummaryDismissed

What did the Tribunal hold?

The Tribunal held that depreciation on goodwill arising from amalgamation is an allowable deduction, following its own prior decisions and High Court pronouncements. The Tribunal also found that the Assessing Officer erred in invoking Rule 8D for disallowance under Section 14A without recording the necessary dissatisfaction.

What were the facts?

The assessee claimed depreciation on goodwill arising from a scheme of amalgamation. The Assessing Officer disallowed this claim, citing provisions of the Income Tax Act and previous disallowances. The assessee argued that the issue of depreciation on goodwill had been decided in its favor by the Tribunal in prior years.

What were the issues?

Whether depreciation on goodwill arising from amalgamation is allowable, and whether disallowance under Section 14A was validly made without prerequisite satisfaction.

Which sections of the Income-tax Act were involved?

Section 32(1),Section 49(1)(iii)(e),Section 43(1),Section 43(6)(c),Section 55(2)(a)(ii),Section 14A

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आयकर अपीलीय अिधकरण, अहमदाबाद "ायपीठ “ए“,अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “ A ” BENCH, AHMEDABAD

"ी संजय गग", "ाियक सद" एवं "ी नरे !साद िस"ा, लेखा सद" के सम%।

Before Shri Sanjay Garg, Judicial Member And Shri Narendra Prasad Sinha, Accountant Member आयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(s) by : ITA No(s) Assess- No(s) अपीलाथ' / !(थ' / ment Appellant बनाम/vs. Respondent Year(s) 893/Ahd/2025 1. 2016-17 The ACIT Unicorn Packaging Central Circle LLP 1(3) Urmin House Ahmedabad – Ground Floor 380 014 Sindhu Bhavan Road B/S. HOF Living Off. SG Highway Bodakdev Ahmedabad – 380 059 PAN: AAEFU 5939 L (Assessee) (Revenue) 2. 894/Ahd/2025 2016-17 Revenue -do-Assessee 3. 895/Ahd/2025 2016-17 Revenue Unicorn Packaging Pvt.Ltd. (address as above) PAN : AABCU 2453 M 4. 896/Ahd/2025 2017-18 Revenue Unicorn Packaging LLP (address as above) 897/Ahd/2025 5. 2018-19 Revenue -do-Assessee 6. 898/Ahd/2025 2020-21 Revenue -do-Assessee

Assessee by : Shri Aseem L. Thakkar, AR Revenue by : Shri Alpesh Parmar, CIT-DR

सुनवाई की तारीख/Date of Hearing : 28/11.2025 घोषणा की तारीख /Date of Pronouncement: 25/02/2026

ITA Nos.893, 894, 896 to 898/Ahd/2025 ACIT vs. Unicorn Packaging LLP & Asst.

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