https://www.taxtmi.com/caselaws?id=463847 ITAT AHMEDABAD upheld the CIT(A)'s disallowance of delayed ESIC/PF payments. Depreciation on goodwill was allowed for AY 2012-13, applying pre-2021 law. Sales-tax subsidy was treated as a capital receipt in favour of the assessee. Depreciation on intangible assets was fixed based on the WDV determined in AY 2003-04 and allowed accordingly. Product registration expenses were allowed as business-related. No further transfer-pricing adjustment was made to interest on loans to the foreign subsidiary. The matter was remitted to permit claim of section 80IA deductions for specified power units. Revenue's appeal on corporate guarantees was partly allowed, fixing commission at 0.5%. en-us Mon, 30 Jun 2025 00:00:00 +0530 Mon, 15 Sep 2025 14:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463847 ITAT AHMEDABAD upheld the CIT(A)'s disallowance of delayed ESIC/PF payments. Depreciation on goodwill was allowed for AY 2012-13, applying pre-2021 law. Sales-tax subsidy was treated as a capital receipt in favour of the assessee. Depreciation on intangible assets was fixed based on the WDV determined in AY 2003-04 and allowed accordingly. Product registration expenses were allowed as business-related. No further transfer-pricing adjustment was made to interest on loans to the foreign subsidiary. The matter was remitted to permit claim of section 80IA deductions for specified power units. Revenue's appeal on corporate guarantees was partly allowed, fixing commission at 0.5%. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463847