{"id":64201,"date":"2026-08-28T16:29:49","date_gmt":"2026-08-28T10:59:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-aculife-healthcare-p-ltd-2026-308-taxman-284-sc-editorial-pcit-v-aculife-healthcare-p-ltd2023-155-taxmann-com-283-2025-477-itr-392-gujhc\/"},"modified":"2026-08-28T16:29:49","modified_gmt":"2026-08-28T10:59:49","slug":"pcit-v-aculife-healthcare-p-ltd-2026-308-taxman-284-sc-editorial-pcit-v-aculife-healthcare-p-ltd2023-155-taxmann-com-283-2025-477-itr-392-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-aculife-healthcare-p-ltd-2026-308-taxman-284-sc-editorial-pcit-v-aculife-healthcare-p-ltd2023-155-taxmann-com-283-2025-477-itr-392-gujhc\/","title":{"rendered":"PCIT v. Aculife Healthcare (P.) Ltd. (2026) 308 Taxman 284 (SC) Editorial : PCIT v. Aculife Healthcare (P.) Ltd(2023) 155 taxmann.com 283\/ (2025) 477 ITR 392 (Guj)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Pursuant to the order of the High Court, a company was demerged from the assessee company and all its assets and liabilities as on the appointed date were transferred to and vested in the assessee company. In the process of demerger, goodwill amounting to Rs. 275 crores, being the difference between net assets and shares to be issued, was credited by the assessee company, on which depreciation was claimed. High Court held that goodwill was an asset under Explanation 3(b) to section 32(1); the assessee company was entitled to claim depreciation on goodwill expended at the time of amalgamation of companies.\u00a0 The order of the Tribunal quashing the revision order was affirmed.\u00a0\u00a0 SLP filed by the revenue was dismissed on account of delay of 658 days and also on merits. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263: Commissioner-Revision of orders prejudicial to revenue-Amalgamation-Depreciation-Demerger-Goodwill-Difference between net assets and shares to be issued credited as goodwill and depreciation allowed-Scrutiny assessment-Order of Tribunal setting aside revision order was affirmed by  High Court-SLP delay of 658 days-SLP dismissed on the ground of delay as well as on merits. [S.43(6), Art. 136] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64201","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gHv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64201","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=64201"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64201\/revisions"}],"predecessor-version":[{"id":64202,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64201\/revisions\/64202"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}