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Deal Corner

goodwill amortization

goodwill amortization

DEAL on The Firm has successfully defended an income tax appeal filed by Revenue before the High Court, against the order of Income Tax Appellate Tribunal. Revenue filed appeal before the Hon’ble High Court raising substantial questions of law on various issues, including the issue of (a) admissibility of depreciation on goodwill recognized on merger and (b) powers of Commissioner of Income Tax (Appeals) to enhance income of taxpayer on issues not dealt by the Assessing Officer. This order shall ultimately result in a cumulative relief to the client from disallowance of approx. INR 5,000 crores.

Our lawyers, Sumit Mangal (Partner) and Mayank Aggarwal (Managing Associate), led by Arvind Datar, Sr. Advocate in the Court, could secure this order for the client.

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Caution Notice

This caution notice is being addressed on behalf of our Firm, Luthra and Luthra Law Offices India.

The general public is hereby cautioned that certain unknown individuals have been trying to mislead the public by issuing emails / letters and other statement / correspondence by unauthorisedly using our Firm's name and logos i.e., Luthra and Luthra, Luthra and Luthra Law Offices, Luthra and Luthra Law Offices India, etc. whilst wrongfully claiming to be part of our Firm and making false claims and allegations. These individuals are also impersonating the Firm by creating fake email addresses and Facebook page while using the LUTHRA marks.

Please be advised that any person corresponding with such individuals in any manner whatsoever will be doing so at their own risk, as to costs and consequences. The Firm strongly recommend that no one should respond to such solicitations, and we will not accept any liability whatsoever for any loss that the general public may incur owing to transactions made with such unknown individuals and agencies making false claims.

All official emails from our Firm are sent from Firm's official email address ending with @luthra.com and not from any other email addresses.

In case anyone come across any such fraudulent activity, kindly report the same to our centralised email address at delhi@luthra.com so that appropriate action may be taken.

Luthra and Luthra Law Offices India

1st and 9th floor, Ashoka Estate,

24, Barakhamba Road,
New Delhi-110 001

Contact: delhi@luthra.com

T: +91 11 4121 5100

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