ITA No.2288/Chny/2025 & C.O No.76/Chny/2025
Case No: ITA No.2288/Chny/2025 & C.O No.76/Chny/2025
Court: Income Tax Appellate Tribunal 'D' Bench, Chennai
Date: 1/23/2026
Parties Involved
RespondentThe Income Tax Officer, Corporate Ward-2(1), Chennai
AppellantDoosan Bobcat Pvt. Ltd.
Facts Summary
The assessee, Doosan Bobcat Pvt. Ltd., is a private limited company engaged in the manufacture of compressors, portable power equipment, and machines used in the infrastructure and construction industry. It also trades in construction equipment, loader machines, and related spares. The assessee filed its return of income for A.Y. 2013-14 declaring a total income of Rs. 1,64,04,220/-. The return was selected for scrutiny, and the Assessing Officer (AO) made a transfer pricing adjustment of Rs.96,…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the intangible assets claimed by the assessee qualify for depreciation under Section 32(1)(ii) of the Income Tax Act, 1961.
- 2. Whether the amortization of goodwill should be treated as a non-operating expense.
Precedents Relied Upon
6 precedents cited in this judgement.