Summary
By order dated 7 October 2026, the Kolkata Bench decided in the company's favour on its claim for depreciation on intangible assets, arising from an AY 2020-21 assessment that had raised a demand with interest.
What it means for you
Depreciation on intangibles acquired in restructurings remains defensible with proper valuation and acquisition records.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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