{"id":59754,"date":"2026-04-28T09:22:27","date_gmt":"2026-04-28T03:52:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/baxter-pharmaceuticals-india-pvt-ltd-v-acit-2025-481-itr-289-173-taxmann-com-573-gujhc-editorial-acit-v-baxter-pharmaceuticals-india-pvt-ltd2025-481-itr-301-2026-308-taxman-158-sc\/"},"modified":"2026-04-28T09:22:27","modified_gmt":"2026-04-28T03:52:27","slug":"baxter-pharmaceuticals-india-pvt-ltd-v-acit-2025-481-itr-289-173-taxmann-com-573-gujhc-editorial-acit-v-baxter-pharmaceuticals-india-pvt-ltd2025-481-itr-301-2026-308-taxman-158-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/baxter-pharmaceuticals-india-pvt-ltd-v-acit-2025-481-itr-289-173-taxmann-com-573-gujhc-editorial-acit-v-baxter-pharmaceuticals-india-pvt-ltd2025-481-itr-301-2026-308-taxman-158-sc\/","title":{"rendered":"Baxter Pharmaceuticals India Pvt. Ltd v. ACIT (2025) 481 ITR 289\/173 taxmann.com 573 (Guj)(HC) Editorial : ACIT v. Baxter Pharmaceuticals India Pvt. Ltd(2025) 481 ITR 301 \/ (2026] 308 Taxman 158 (SC), SLP of revenue dismissed. ."},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Allowing the petition the Court held that the\u00a0 assessee-company acquired injectable business from its holding company as a going concern on slump sale basis and claimed depreciation on amount of goodwill, since issue regarding depreciation on goodwill was duly considered during course of regular assessment, Assessing Officer would not have any jurisdiction to reopen assessment.\u00a0 Court also held that \u00a0the assessee-company acquired injectable business from its holding company as a going concern on slump sale basis and claimed depreciation on assets, since assessee had purchased entire unit on slump sale basis without values being assigned to individual assets and assessee had also obtained valuation report from expert valuer, who had physically verified each of assets to derive value, assessee was entitled to claim depreciation on assets on basis of valuation made by an expert valuer of each of assets forming part of sale consideration<strong>. <\/strong>held that the there was no dispute with regard to the assessee entering into transaction of slump sale to acquire the injectable unit as a going concern from its holding company. Therefore, all the notices under section 148 were to be quashed and set aside.(AY. 2015-16 to 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-After the expiry of four years-Depreciation on goodwill and additional depreciation-No failure to disclose material facts-Slump sale-Depreciation-Suspicion-Disclosure before settlement commission-Third party disclosure-Notice and order disposing the objection was quashed.[2(42C), 32, 32AC,  148 Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59754","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fxM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59754"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59754\/revisions"}],"predecessor-version":[{"id":59755,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59754\/revisions\/59755"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}