📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
0 analysed today
FollowTelegram
0
Today
152,139
All-time analysed
43,645
Positive
6,747
Negative
92,898
Neutral
8,781
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
21 announcements match the current filters (relevance ≥ 5).
UFBL wins tax appeal; ITAT allows ₹11.05 Cr depreciation on goodwill for AY 2013-14 to 2018-19
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) has received a favorable ruling from the Income Tax Appellate Tribunal (ITAT), Bengaluru. The tribunal upheld the company's eligibility for depreciation on goodwill for Assessment Years 2013-14 to 2018-19, which was previously contested. The aggregate disallowed depreciation involved is ₹11.05 crores. This ruling is expected to result in a positive financial impact once the final assessment order is issued by the tax authorities.
Key Highlights
ITAT Bengaluru ruled in favor of UFBL regarding depreciation on goodwill for six assessment years (2013-14 to 2018-19).
The ruling overturns previous disallowances made by the Assessing Officer and Commissioner of Income Tax (Appeals).
The aggregate amount of depreciation previously disallowed was ₹11.05 crores.
The company is currently awaiting the final assessment order to determine the exact positive financial impact.
👀 What to Watch
Investors should view this as a positive resolution of a significant tax contingency. Monitor future filings for the final quantified financial benefit once the Assessing Officer issues the revised order.
