COMNR.OF INCOME TAX vs. NEELACHAL ISPAT NIGA

Appeals are dismissed

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

2. Assessee is a Private Limited Company. Under the impugned order, the Appellate Tribunal had in fact allowed the appeals of the assessee though termed it as for statistical purposes, had directed the Assessing Officer to examine the claims put forth by the assessee to reconsider the question of allowing depreciation on goodwill part of the assessee and for such

PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) vs. INDRANI PATNAIK

Bench: MR. JUSTICE ARINDAM SINHA,MR. JUSTICE M.S.SAHOO

17,95,500/- as ‘unexplained expenditure’ in complete disregard of the system of accounting and the applicable accounting standards. August, 2020 passed by ITAT in ITA No. 6448/Del/2015 for the Assessment Year 2011-12. This is a digitally signed Judgement. NEUTRAL CITATION NO: 2022/DHC/000993 ITA No.55/2022 Page 2 of 4 3. Having perused the paper book, this Court finds that