ACIT, Circle – 14(1)(2) Vs Lighthouse Learning Private Limited
Case No: I.T.A. No. 5433/Mum/2024
Court: INCOME TAX APPELLATE TRIBUNAL “A” BENCH, MUMBAI
Date: 1/30/2026
Parties Involved
appellantACIT, Circle – 14(1)(2)
respondentLighthouse Learning Private Limited
Facts Summary
The assessee, Lighthouse Learning Private Limited, amalgamated with its subsidiaries and step-down subsidiaries, recording goodwill of Rs. 8,34,77,96,858 at the time of amalgamation. The assessee claimed depreciation on this goodwill of Rs. 209,42,61,048 for the assessment year 2020-21. The Assessing Officer disallowed this claim, which was subsequently allowed by the Commissioner of Income Tax (Appeals). The revenue has now appealed against this order, challenging the disallowance of depreciati…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) erred in allowing depreciation on goodwill.
- 2. Whether the Ld. CIT(A) was correct in relying on the decision of CIT v. Smifs Securities Ltd.
6 more legal issues analysed in this judgement.
Precedents Relied Upon
9 precedents cited in this judgement.