आयकर अपीलीय अधिकरण “बी” न्यायपीठ पुणे में ।

IN THE INCOME TAX APPELLATE TRIBUNAL "B" BENCH, PUNE BEFORE SHRI RAMA KANTA PANDA, VICE PRESIDENT AND MS. ASTHA CHANDRA, JUDICIAL MEMBER आयकर अपील सं. / ITA No.981/PUN/2024 धििाारण वषा / Assessment Year: 2016-17 Rexel India Private Limited, DCIT, PUNE Office No. 407-414, 4^th Floor, Insignia, 46, Sasoon Road, Vs.

Pune-411001 Maharashtra PAN AAFCR6724C Appellant/Assessee Respondent/Revenue Assessee by Shri Nikhil Pathak Department by Shri Mallikarjun Utture, CIT Date of hearing 05/02/2025 Date of Pronouncement 05/05/2025 आदशे / ORDER PER MS. ASTHA CHANDRA, JM The appeal filed by the assessee is directed against the order dated

12.03.2024 of the Ld. Commissioner of Income Tax- Appeals, National Faceless Appeal Centre, Delhi [“CIT(A)”] pertaining to Assessment Year (“AY”) 2016-17.

2. The assessee has raised the following grounds of appeal:-

“1. Disallowance of depreciation on goodwill arising pursuant to amalgamation of Yantra Automation Private Limited ('YAPL') and AD Electronics Private Limited ('ADEPL') with the Appellant 1.1 On the facts and circumstances of the case and in law, the Hon'ble NFAC has erred in disallowing depreciation amounting