depriciation on goodwill u/s 32(1)(ii)- reopening of assessment.

[rajul5234]

gujarat high court vide it's interim order dt. 11/8/10 admitted a petition challenging jurisdiction of reopening of assessment within a period of 4 years from the end of the assessment year  in the case of bodal chemicals ltd.

the court issued " rule " .

interim  relief is also granted by restraining the respondent assessing officer from passing final assessment order.

subject matter of reopening was in respect of withdrawal of  depriciation on  acquired goodwill  granted  in the original scrutiny assessment u/s 143(3)

r.k.patel