Adani Gas Ltd., Ahmedabad V. The Dy. CIT., Circle-1(1)(1), Ahmedabad

ITA 241/AHD/2020

AI Insights

The case involves Adani Gas Ltd., which appealed against the order of the Commissioner of Income Tax (Appeals) confirming the disallowance of depreciation on goodwill amounting to Rs. 1,02,00,357 for the Assessment Year 2016-17. The Assessing Officer had initially disallowed this amount, considering it as excessive depreciation claimed on goodwill. The Tribunal noted that a similar issue had been decided in favor of the assessee in a previous assessment year, where it was held that the depreciation on goodwill was allowable from the appointed date of the demerger as sanctioned by the Gujarat High Court. The Tribunal found no change in circumstances that would warrant a departure from the earlier decision and thus allowed the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 127151 (ITAT-AHMEDABAD)
• Duration Of Justice: 2 year(s) 9 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-01-2023
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Next Hearing Date: 28-12-2022
• Assessment Year: 2016-2017
• Appeal Filed On: 10-03-2020
• Other Referred Cases: ITA No. 1637/Ahd/2018, ITA No. 775/Ahd/2014, 2346 and 2979/Ahd/2015, National Thermal Power Company Ltd. vs. CIT, CIT vs. Singhad Technical Education Society, Goetze (India) Ltd. vs. CIT
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Depreciation
• Section: 56; 15

Judgement Text

आयकर अपील य अ धकरण, अहमदाबाद यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL, ‘’ D’’ BENCH, AHMEDABAD BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER And SHRI T. R. SENTHIL KUMAR, JUDICIAL MEMBER आयकरअपीलसं./ITA No.241/AHD/2020 नधा रणवष /Asstt. Year: 2016-17 Adani Gas Ltd. Adani House, Nr. Mithakhali Six Roads, Navrangpura, Ahmedabad, Gujarat-380009 PAN: AAFCA3788D Vs. DCIT Circle-1(1)(1), Ahmedabad (Applicant) (Respondent) Assessee by : Shri S. N. Soparkar, Sr. Adv., & Shri Parin Shah, A.R. Revenue by : Shri Atul Pandey, Sr. D.R स ु नवाईक तार ख/Date of Hearing : 29/12/2022 घोषणाक तार ख/Date of Pronouncement: 04/01/2023 आदेश/O R D E R PER WASEEM AHMED, ACCOUNTANT MEMBER: The captioned appeal has been filed at the instance of the Assessee against the order of the Learned Commissioner of Income Tax(Appeals)-1, Ahmedabad, dated 28/01/2020 arising in the matter of assessment order passed under s.143(3) of the Income Tax Act, 1961 (here-in-after referred to as "the Act") relevant to the Assessment Year 2016-17. 2. The appellant has raised the following grounds of appeal: “1. On the facts and in the circumstances of the case, the learned CIT(A) erred in confirming disallowance of depreciation on goodwill to the extent of Rs. 1,02,00,357/-. 2. The appellant craves leave to add, alter, amend and/or withdraw any ground or grounds of appeal either before or during the course of hearing of the appeal.” ITA No.241/AHD/2020 A.Y. 2016-17 2 3. The only issued raised by the assessee is that the Ld. CIT(A) erred in confirming the order of the AO by sustaining the disallowance of Rs. 1,02,00,357/- on account of excess depreciation claimed on the goodwill. 4. The facts in brief are that the assessee in the present case is a limited company and engaged in the business of trading and transportation of Natural Gas and manufacturing of Compressed Natural Gas. The AO during the assessment proceedings found that the assessee has claimed depreciation on the goodwill at Rs. 1,76,43,861/- only whereas the actual and eligible amount of depreciation works out at Rs. 74,43,504/- only. As per the AO, the assessee has claimed excessive depreciation on the goodwill by Rs. 1,02,00,357/- only which was disallowed and added to the total income of the assessee. 5. Aggrieved assessee preferred an appeal to the Ld. CIT(A) who upheld the order of the AO by observing that his predecessor in the earlier assessment year has disallowed the excess depreciation claimed on the goodwill. 6. Being aggrieved by the order of the Ld. CIT(A), the assessee is in appeal before us. 6.1 The Ld. A.R. appearing before us contended that this Tribunal in the identical facts and circumstances of the case in the own case of the assessee has allowed the grounds of appeal of the assessee in ITA No. 1637/Ahd/2018 for the AY 2015-16 vide order dated 06.12.2019. Thus, it was contended by the Ld. AR that the assessee has not claimed any excessive depreciation on the goodwill. 7. On the other hand, the Ld. DR could not controvert the arguments advanced by the Ld. AR for the assessee.However, the Ld. D.R. vehemently supported the order of the authorities below. 8. We have heard the rival contentions of both the parties and perused the materials available on record including the order passed by the Hon’ble Coordinate ITA No.241/AHD/2020 A.Y. 2016-17 3 Bench in the own case of the assessee in ITA No. 1637/Ahd/2018 for the AY 2015-16 vide order dated 06.12.2019, the relevant portion whereof is as follows :- “Heard the parties, perused the relevant material available on record including the order passed by the Hon’ble Co-ordinate Bench the relevant portion whereof is as follows:- “7. During the course of assessment on perusal of depreciation chart annexed with the Audit Report the AO noticed that assessee has claimed depreciation on goodwill @ 25% to the amount of Rs. 3,13,66,865/- W.D.V. of Rs. 12,54,67,458/-. On query the assessee explained that the assessee company was a resultant company out of the demerger of Adani Energy Ltd. The Hon’ble High Court of Gujarat approved the scheme of demerger and ordered appointed date as 01.01.2007. Meaning that the scheme of demerger was effective from appointed date, therefore, depreciation on goodwill was required to be allowed from A.Y. 2007-08 instead of A.Y. 2010-11. The assessee has explained that Hon’ble Gujarat High Court has sanctioned the scheme of demerger of gas distribution business of Adani Energy Ltd. in to the assessee company vide order dated 09.12.2009. It was further submitted that Hon’ble Gujarat High Court has approved the appointed date of 01.01.2007 as mentioned in the scheme of demerger and the order was passed only in F.Y. 2009-10. It is further submitted that the transfer of assets and liability from the demerged company to the assessee company took place in A.Y. 2010-11 and goodwill was recognised in assessee’s books of account in A.Y. 2010- 11. Therefore, depreciation cannot be claimed on the same from A.Y. 2007-08 when the asset itself was created in A.Y. 2010-11. The AO has not accepted the explanation of the assessee. He was of the view that Hon’ble High Court of Gujarat has approved the scheme of demerger and order appointed date as 01.01.2007. Therefore, the claim of depreciation on goodwill to the amount of Rs. 1,81,33,969/- was disallowed and added to the total income of the assessee. 8. Aggrieved assessee has filed before Ld. CIT(A). The Ld. CIT(A) has dismissed the appeal of the assessee. 9. During the course of appellate proceeding before us the Ld. Counsel has brought to our notice that Co-ordinate Bench of the ITAT has adjudicated the identical issue on identical fact in favour of the assessee in the case of the assessee itself vide ITA No. 775/Ahd/2014 2346 and 2979/ahd/2015 for A.Y. 2009- 10 to A.Y. 2013-14. Therefore, the Ld. CIT(A) is not justified in sustaining the disallowance made by the AO. On the other side Ld. DR has supported the decision of the lower authorities. 10. We have heard both the sides and perused the material on record. With the assistance of the Ld. Representative we have gone through the aforesaid decision of the Co-ordinate Bench of the ITAT and noticed that the similar issue on identical fact has been decided in favour of the assessee. The relevant part of the decision is reproduced as under:- “2 1 . W e s h a l l n o w a d v e r t t o t h e a d d i t i o n a l g r o u n d ra i s e d b y a s s e s s e e a s a d j u n c t t o i t s C r o s s O b j e c t i o n . T h e l e a r n e d A R s u b m i t t e d t h a t t h e a d d i t i o n a l g r o u n d r a i s e d b y th e a s s e s s e e i n i t s c r o s s o b j e c t i o n c o n c e r n s e l i g i b i l i ty o f d e p r e c i a t i o n o f g o o d w i l l a r i s i n g o n d e m e r g e r . T h e l e a r n e d A R s u b m i t t e d t h a t a d d i t i o n a l g r o u n d c o n c e r n i n g t h e i s s u e d o e s n o t r e q u i r e a n y f r e s h i n v e s t i g a t i o n o f f a c t s an d t h e r e f o r e u r g e d f o r a d m i s s i o n o f t h e s a m e i n t h e l ig h t o f t h e ITA No.241/AHD/2020 A.Y. 2016-17 4 d e c i s i o n o f H o n ’ b l e S u p r e m e C o u r t i n t h e c a s e o f N at i o n a l T h e r m a l P o w e r C o m p a n y L t d . v s . C I T ( 1 9 9 8 ) 2 2 9 I T R 38 3 ( S C ) : C I T v s . S i n h g a d T e c h n i c a l E d u c a t i o n S o c i e t y [2 0 1 7 ] 8 4 t a x m a n n . c o m 2 9 0 ( S C ) . E l a b o r a t i n g f u r t h e r , t h e l e ar n e d A R r e f e r r e d p a r a 7 o f p a g e n o . 3 3 t o t h e a s s e s s m e n t o r de r p a s s e d u n d e r s . 1 4 3 ( 3 ) o f t h e A c t c o n c e r n i n g A Y 2 0 12 - 1 3 a n d s u b m i t t e d t h a t t h e c o n t r o v e r s y h a s a r i s e n b e c a us e t h e s c h e m e o f t h e d e m e r g e r w a s s a n c t i o n e d b y t h e o r d e r o f t h e H o n ’ b l e G u j a r a t H i g h C o u r t v i d e i t s o r d e r d a t e d 0 9 .1 2 . 2 0 0 9 w . e . f . t h e a p p o i n t e d d a t e o f 0 1 . 0 1 . 2 0 0 7 a s m e n t i o n ed i n t h e d r a f t s c h e m e o f d e m e r g e r . T h e s a n c t i o n w a s a c c o r d ed b y t h e H o n ’ b l e H i g h C o u r t i n F Y 2 0 0 9 - 1 0 i . e . A Y 2 0 1 0 - 11 . T h e a s s e s s e e c l a i m e d d e p r e c i a t i o n o n t h e g o o d w i l l a r i s in g o n t h e d e m e r g e r i n t h e A Y 2 0 1 0 - 1 1 a s t h e o r d e r w a s r e c e i v ed i n F Y 2 0 0 9 - 1 0 r e l e v a n t t o A Y 2 0 1 0 - 1 1 , t h e A O h o w e v e r c o m pl i e d d e p r e c i a t i o n o n g o o d w i l l g e n e r a t e d a s a r e s u l t o f th e d e m e r g e r ( R s . 3 3 . 9 8 C r o r e ) w . e . f . F Y 2 0 0 6 - 0 7 i . e . A Y 2 0 0 7 - 0 8 a n d c o n s e q u e n t l y , c a l c u l a t e d t h e W D V o f t h e g o o d w i ll g e n e r a t e d n o t i o n a l l y a f t e r r e d u c i n g t h e d e p r e c i a t i on o f t h e e a c h y e a r s t a r t i n g f r o m A Y 2 0 0 6 - 0 7 . T h u s , w h e r e a s t h e a s s e s s e e h a s c l a i m e d d e p r e c i a t i o n f o r t h e f i r s t t i me i n F Y 2 0 0 9 - 1 0 r e l e v a n t t o A Y 2 0 1 0 - 1 1 o n t h e a m o u n t o f g o od w i l l g e n e r a t e d , t h e A O a l l o w e d t h e d e p r e c i a t i o n a f t e r r ed u c i n g t h e d e p r e c i a t i o n f o r A Y 2 0 0 6 - 0 7 a n d 2 0 0 7 - 0 8 . C o n s eq u e n t l y , t h e d e p r e c i a t i o n o n g o o d w i l l w a s a l l o w e d a t R s . 5 , 5 7, 6 3 , 3 1 5 / - a s a g a i n s t c l a i m o f d e p r e c i a t i o n o f R s . 8 , 8 0 , 0 1 , 4 8 1 /- c l a i m e d b y t h e a s s e s s e e , t h e A O t h e r e b y d i s a l l o w e d t h e r e m ai n i n g c l a i m o f g o o d w i l l a m o u n t o f R s . 3 , 2 2 , 3 8 , 1 6 6 / - b y r e vi s i n g t h e a m o u n t o f g o o d w i l l c a r r i e d f o r w a r d o w i n g t o n o t i o n al d e p r e c i a t i o n i n A Y 2 0 0 6 - 0 7 a n d 2 0 0 7 - 0 8 . T h e l e a r n ed A R r e f e r r e d t o t h e t a b u l a t e d s t a t e m e n t w o r k e d o u t b y th e A O a s r e p r o d u c e d i n t h e a s s e s s m e n t o r d e r c o n c e r n i n g A Y 2 01 2 - 1 3 w h i c h i s r e p r o d u c e d h e r e u n d e r f o r e a s y r e f e r e n c e a nd u n d e r s t a n d i n g o f t h e s u b j e c t : Particulars FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 FY2011- 12 G o o d w i l l g e n e r a t e d 3 3 9 , 8 9 0 , 6 8 0 2 9 7 , 4 0 4 , 3 4 5 2 2 3 , 0 5 3 , 2 5 9 1 6 7 , 2 8 9 , 9 4 4 1 2 5 , 4 6 7 , 4 5 8 9 4 , 1 0 0 , 5 9 4 D e p r e c i a t i o n 4 2 , 4 8 6 , 3 3 5 7 4 , 3 5 1 , 0 8 6 5 5 , 7 6 3 , 3 1 5 4 1 , 8 2 2 , 4 8 6 3 1 , 3 6 6 , 8 6 5 2 3 , 5 2 5 , 1 4 8 C l o s i n g W D V 2 9 7 , 4 0 4 , 3 4 5 2 2 3 , 0 5 3 , 2 5 9 1 6 7 , 2 8 9 , 9 4 4 1 2 5 , 4 6 7 , 4 5 8 9 4 , 1 0 0 , 5 9 4 7 0 , 5 7 5 , 4 4 5 2 1 . 1 A s s t a t e d o n b e h a l f o f t h e a s s e s s e e , t h e a s s e ss e e c o m p a n y w a s f o r m e d a s a r e s u l t a n t c o m p a n y o u t o f t he d e m e r g e r o f A d a n i E n e r g y L t d . T h e o r d e r u n d e r s . 3 94 o f t h e C o m p a n i e s A c t , 1 9 5 6 w a s p a s s e d b y t h e h o n ’ b l e G u j a ra t H i g h C o u r t o n D e c e m b e r 9 , 2 0 0 9 w h i l e t h e a p p o i n t e d d a t e w a s f i x e d a t 0 1 . 0 1 . 2 0 0 7 a s p e r t h e d r a f t s c h e m e o f d e m er g e r . A s a r e s u l t o f d e m e r g e r , t h e a s s e s s e e c o m p a n y h a s p a i d c e r t a i n e x c e s s c o n s i d e r a t i o n t o t h e d e m e r g e d c o m p a n y o v e r an d a b o v e t h e a s s e t s a c q u i r e d . S u c h e x c e s s c o n s i d e r a t i on a m o u n t i n g t o R s . 3 3 , 9 8 , 9 0 , 6 8 0 / - w a s t r e a t e d i n t h e na t u r e o f g o o d w i l l b y t h e a s s e s s e e a s a c a p i t a l r i g h t . T h e as s e s s e e c l a i m e d d e p r e c i a t i o n t h e r e o n f o r t h e f i r s t t i m e i n A Y 2 0 1 0 - 1 1 b e i n g t h e y e a r i n w h i c h t h e o r d e r o f t h e H o n ’ b l e G uj a r a t ITA No.241/AHD/2020 A.Y. 2016-17 5 H i g h C o u r t w a s r e c e i v e d . C o n s e q u e n t l y , t h e d e p r e c i at i o n o f R s . 4 , 2 4 , 8 6 , 3 3 5 / - ( b e i n g 1 2 . 5 % o f t h e v a l u e o f g o o d wi l l a n d d e m e r g e r o f R s . 3 3 . 9 8 C r o r e ) w a s c l a i m e d i n A Y 2 0 1 0- 1 1 . I n t h e c o u r s e o f s c r u t i n y a s s e s s m e n t , h o w e v e r , t h e A O t o o k a v i e w t h a t d e p r e c i a t i o n w a s a l l o w a b l e t o t h e a s s e s s ee o n s u c h g o o d w i l l f r o m t h e d a t e o f s a n c t i o n o f t h e d e m e r g e r s c h e m e f a l l i n g i n A Y 2 0 0 7 - 0 8 . T h e A O a c c o r d i n g l y r e - d e t e rm i n e d t h e g r o s s b l o c k a n d W D V p e r t a i n i n g t o d e p r e c i a t i o n o f go o d w i l l a s a r e s u l t t h e d e p r e c i a t i o n f o r A Y 2 0 0 7 - 0 8 , 2 0 0 8 - 09 a n d 2 0 0 9 - 1 0 w a s a r t i f i c i a l l y a p p l i e d w h i c h w a s n o t c l a im e d b y t h e a s s e s s e e a t a l l i n t h e s e y e a r s . T h e A O a c c o r d i n g l y r e - w o r k e d t h e W D V o f t h e v a r i o u s F Y s a s t a b u l a t e d a b o ve . 2 1 . 2 W e a r e c o n c e r n e d w i t h A Y 2 0 0 9 - 1 0 i n q u e s t i o n . T h e A O h a s a s s u m e d d e p r e c i a t i o n o f R s . 5 , 5 7 , 6 3 , 3 1 5 / - p e rt a i n i n g t o t h e a f o r e s a i d a s s e s s m e n t y e a r w h i l e r e - d e t e r m i n in g t h e q u a n t u m o f e l i g i b l e d e p r e c i a t i o n i n A Y s 2 0 1 0 - 1 1 , 2 01 1 - 1 2 . 2 0 1 2 - 1 3 & 2 0 1 3 - 1 4 . A s a r e s u l t o f s u c h r e - d e t e r m i na t i o n o f A s s e s s m e n t Y e a r D e p r e c i a t i o n c l a i m e d b y r e s p o n d e n t D e p r e c i a t i o n c o m p u t e d b y A O 2 0 0 7 - 0 8 4 , 2 4 , 8 6 , 3 3 5 / - ( B e i n g 1 2 . 5 % o f v a l u e o f g o o d w i l l o n d e m e r g e r i . e . R s . 3 3 , 9 8 , 9 0 , 6 8 0 / - ) 2 0 0 8 - 0 9 - 7 , 4 3 , 5 1 , 0 8 6 / - 2 0 0 9 - 1 0 - 5 , 5 7 , 6 3 , 3 1 5 / - 2 0 1 0 - 1 1 4 , 2 4 , 8 6 , 3 3 5 / - ( B e i n g 1 2 . 5 % o f v a l u e o f g o o d w i l l o n d e m e r g e r i . e . R s . 3 3 , 9 8 , 9 0 , 6 8 0 / - ) 4 , 1 8 , 2 2 , 4 8 6 / - 2 0 1 1 - 1 2 7 , 4 3 , 5 1 , 0 8 6 / - 3 , 1 3 , 6 6 , 8 6 5 / - 2 0 1 2 - 1 3 5 , 5 7 , 6 3 , 3 1 5 / - 2 , 3 5 , 2 5 , 1 4 8 / - 2 0 1 3 - 1 4 4 , 1 8 , 2 2 , 4 8 6 / - 1 , 7 6 , 4 3 , 8 6 1 / - 2 1 . 3 T h e a s s e s s e e i n t h e c a p t i o n e d A Y 2 0 0 9 - 1 0 s e e k s c l a i m o f d e p r e c i a t i o n o n g o o d w i l l a m o u n t i n g t o R s . 5 , 5 7 , 6 3, 3 1 5 / - b a s e d o n t h e w o r k i n g o f t h e A O a l t h o u g h n o t m a d e a ny c l a i m t o w a r d s s u c h d e p r e c i a t i o n o n g o o d w i l l i n t h i s y e a r . I t i s t h e c a s e o f t h e a s s e s s e e b y w a y o f a d d i t i o n a l g r o u n d t ha t t h e e l i g i b i l i t y o f d e p r e c i a t i o n o n g o o d w i l l i s n o t i n di s p u t e . T h e A O h a s s i m p l y d i s p u t e d t h e q u a n t i f i c a t i o n o f e l i g i bl e d e p r e c i a t i o n s p a n n i n g o v e r v a r i o u s f i n a n c i a l y e a r s o n t h e g r o u n d t h a t d e p r e c i a t i o n i s e l i g i b l e f r o m t h e a p p o in t e d d a t e a s s a n c t i o n e d b y t h e H o n ’ b l e G u j a r a t H i g h C o u r t . Th u s , o n a c c o u n t o f s u c h r e - w o r k i n g , t h e a s s e s s e e h a s p r e s e nt e d a n e w c l a i m t o w a r d s d e p r e c i a t i o n o n g o o d w i l l i n t h e im p u g n e d A Y 2 0 0 9 - 1 0 o n t h e g r o u n d t h a t a l l t h e r e l e v a n t f a c ts a r e a v a i l a b l e o n r e c o r d w h i c h a r e d u l y a d m i t t e d b y t h e R e v e n u e . T h e r e f o r e , t h e a s s e s s e e c a n n o t b e d e p r i v e d o f t h e el i g i b l e d e p r e c i a t i o n a s c o m p u t e d b y t h e A O h i m s e l f c o n c e r n in g A Y 2 0 0 9 - 1 0 . ITA No.241/AHD/2020 A.Y. 2016-17 6 2 1 . 4 A l e g a l i s s u e a l s o c r o p p e d u p i n t h e c o u r s e o f h e a r i n g a s t o w h e t h e r a d d i t i o n a l g r o u n d c o u l d b e r a i s e d i n a c r o s s o b j e c t i o n f i l e d b y t h e a s s e s s e e u n d e r s . 2 5 3 ( 4 ) o f th e A c t . O n b e i n g e n q u i r e d o n t h i s a s p e c t o f t h e m a t t e r , i t w a s s u b m i t t e d o n b e h a l f o f t h e a s s e s s e e t h a t t h e r e i s no p e r c e p t i b l e d i s t i n c t i o n b e t w e e n t h e p o s i t i o n o f l a w q u a c r o s s o b j e c t i o n i n t h e m a t t e r o f f i l i n g a d d i t i o n a l g r o u n d. I t w a s s u b m i t t e d t h a t a c r o s s o b j e c t i o n h a s a l l t h e t r a p p in g s o f a r e g u l a r a p p e a l m o r e s o i n t h e l i g h t o f l a n g u a g e e m pl o y e d u n d e r s . 2 5 3 ( 4 ) o f t h e A c t . 2 1 . 5 W e f i n d o u r s e l v e s i n a g r e e m e n t w i t h t h e p r o p o si t i o n s m a d e o n b e h a l f o f t h e a s s e s s e e t h a t i n a c r o s s o b j ec t i o n , t h e r e i s n o b a r t o r a i s e l e g a l i s s u e s f o r t h e f i r s t t i m e b e f o r e I T A T . A c r o s s o b j e c t i o n i s l i k e a n a p p e a l . I t h a s a l l t h e t r a p p i n g s o f a n a p p e a l . I t i s f i l e d i n t h e f o r m o f m e m o r a n d u m a n d i t i s r e q u i r e d t o b e d i s p o s e d i n s a me m a n n e r a s a n a p p e a l . E v e n w h e r e t h e a p p e a l i s w i t hd r a w n o r d i s m i s s e d f o r d e f a u l t , c r o s s o b j e c t i o n m a y n e v e rt h e l e s s b e h e a r d a n d d e t e r m i n e d . C r o s s o b j e c t i o n i s n o t h i n g bu t a n a p p e a l , a c r o s s a p p e a l a t t h a t . T h i s a p a r t , r a i s i ng o f a d d i t i o n a l g r o u n d w o u l d o n l y e n a b l e t h e a u t h o r i t y co n c e r n t o c o r r e c t l y a s s e s s t h e t a x l i a b i l i t y o f t h e a s s e s s e e . S i m i l a r v i e w h a s b e e n e x p r e s s e d b y t h e c o - o r d i n a t e b e n c h i n t h e c a s e o f I T O v s . J a s j i t S i n g h ( D e l ) i n c r o s s o b j e c t io n N o s . 1 3 8 t o 1 4 2 / D e l / 2 0 1 4 i n t e r i m o r d e r d a t e d 2 3 . 0 9 . 2 0 1 4 . W e t h u s d o n o t s e e a n y i m p e d i m e n t i n e n t e r t a i n i n g t h e a d d i ti o n a l g r o u n d s . T h e r e l e v a n t f a c t s a r e a v a i l a b l e o n r e c o r d. 2 1 . 6 I n s o f a r a s t h e m e r i t s o f t h e c l a i m m a d e i n ad d i t i o n a l g r o u n d i s c o n c e r n e d , w e o b s e r v e t h a t w h e r e t h e A O ha s r e a d j u s t e d t h e q u a n t u m o f d e p r e c i a t i o n i n t h e s u b s eq u e n t a s s e s s m e n t y e a r , t h e a s s e s s e e i s w i t h i n i t s l e g i t i ma t e r i g h t s t o b e g r a n t e d d e p r e c i a t i o n i n A Y 2 0 0 9 - 1 0 a s p e r t h e f i g u r e s w o r k e d b y t h e A O h i m s e l f . W e d o n o t s e e a n y p e r c e pt i b l e r e a s o n f o r n o t a d m i t t i n g s u c h c l a i m o f t h e a s s e s s e e. W e a l s o f i n d b o n a f i d e s i n t h e p l e a o f t h e a s s e s s e e f o r r a i s i n g n e w c l a i m o n a c c o u n t o f d e p r e c i a t i o n b y w a y o f a d d it i o n a l g r o u n d a t t h i s b e l a t e d s t a g e . T h e o r d e r f o r t h e A Y 2 0 1 2 - 1 3 w a s p a s s e d o n 2 9 . 0 3 . 2 0 1 5 . B y v i r t u e o f t h i s o r d e r , t h e a s s e s s e e c a m e t o k n o w a b o u t t h e r e v i s i o n i n t h e c l ai m o f d e p r e c i a t i o n c o n c e r n i n g A Y 2 0 1 2 - 1 3 . B y t h a t t i m e , t h e o r d e r o f t h e C I T ( A ) d a t e d 1 3 . 1 2 . 2 0 1 3 w a s a l r e a d y p a s s e d . T h e r e f o r e , t h e a s s e s s e e w a s i n c a p a c i t a t e d t o p u t f or w a r d s u c h n e w c l a i m t o w a r d s d e p r e c i a t i o n o n g o o d w i l l a m ou n t i n g t o R s . 5 , 5 7 , 6 3 , 3 1 5 / - f o r w h i c h r e l e v a n t f a c t s a r e d ul y a v a i l a b l e o n r e c o r d i n t h e l i g h t o f t h e d e c i s i o n o f H o n ’ b l e S u p r e m e c o u r t i n t h e c a s e o f G o e t z e ( I n d i a ) L t d . v s. C I T [ 2 0 0 6 ] 2 8 4 I T R 3 2 3 ( S C ) & N T P C v s . C I T 2 2 9 I T R 3 8 3 ( S C ) . ” Respectfully, following the decision of the Co-ordinate Bench as cited in this order the appeal of the assessee on this issue is allowed.” ITA No.241/AHD/2020 A.Y. 2016-17 7 In the absence of any changed circumstances respectfully reliance upon the same we allow the claim of the assessee and the addition is, therefore, deleted. This ground of appeal is thus allowed.” 9. At the time of hearing the Ld. DR has not brought anything on record suggesting that the impugned order of the ITAT has either been stayed or reversed by the higher authorities. Thus, the principles laid down by the ITAT in the own case of the assessee are squarely applicable in the given set of facts. Hence, we set-aside the finding of the Ld. CIT(A) and direct the AO to delete the addition made by him. Thus, the ground of appeal of the assessee is hereby allowed. 10. In the result, the appeal filed by the assessee is allowed. Order pronounced in the Court on 04/01/2023 at Ahmedabad. Sd/- Sd/- (T. R. SENTHIL KUMAR) (WASEEM AHMED) JUDICIAL MEMBER ACCOUNTANT MEMBER Ahmedabad; Dated 04/01/2023 Tanmay, Sr. PS TRUE COPY आदेशक त ल प!े षत/Copy of the Order forwarded to : आदेशान ु सार /BY ORDER, उप/सहायकपंजीकार (Dy./Asstt.Registrar) आयकरअपील यअ धकरण, अहमदाबाद / ITAT, Ahmedabad 1. Date of dictation :29/12/2022 2. Date on which the typed draft is placed before the Dictating Member 30/12/2022 3. Date on which the approved draft comes to the Sr.P.S./P.S. - 02/01/2023 4. Date on which the fair order is placed before the Dictating Member for Pronouncement .................... 5. Date on which the file goes to the Bench Clerk.. : 04/01/2023 6. Date on which the file goes to the Head Clerk.................................. 7. The date on which the file goes to the Assistant Registrar for signature on the order.......................... Date of Despatch of the Order.................. 1. अपीलाथ / The Appellant 2. यथ / The Respondent. 3. संबं धतआयकरआय ु त/ Concerned CIT 4. आयकरआय ु त(अपील) / The CIT(A) 5. !वभागीय $त$न ध, आयकरअपील यअ धकरण/ DR, ITAT, 6. गाड&फाईल / Guard file.