https://www.taxtmi.com/caselaws?id=766921 Depreciation claimed on goodwill after a demerger was contested on the ground that a proviso restricting aggregate deductions applies. The court held that the proviso is relevant only in the year of succession and only where aggregate deduction arises, so it did not govern assessment years 2015 16 and 2016 17; reliance on prior authority confirming the proviso limits aggregate deduction. Because the Tribunal treated the proviso as determinative for those years without examining aggregate deduction or the year of succession limitation, the High Court set aside the Tribunal order and remitted the matter for fresh consideration. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 09 Feb 2026 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766921 Depreciation claimed on goodwill after a demerger was contested on the ground that a proviso restricting aggregate deductions applies. The court held that the proviso is relevant only in the year of succession and only where aggregate deduction arises, so it did not govern assessment years 2015 16 and 2016 17; reliance on prior authority confirming the proviso limits aggregate deduction. Because the Tribunal treated the proviso as determinative for those years without examining aggregate deduction or the year of succession limitation, the High Court set aside the Tribunal order and remitted the matter for fresh consideration. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766921