https://www.taxtmi.com/caselaws?id=464527 A court-approved restructuring may support depreciation on goodwill and other intangibles where goodwill is first recognised in the resulting company's books and the scheme reflects genuine commercial objectives. Additions under section 69A cannot rest on cryptic electronic chats, retracted statements, or ad hoc percentage estimates without corroboration of unexplained money, and related depreciation disallowance falls with the main addition. Deduction under section 35AD for a specified fertiliser business is not defeated by isolated or occasional shared use of assets absent proof of use for a non-specified business. Minor stock differences may not justify addition or MAT adjustment, and section 14A disallowance does not survive where no exempt income is earned. en-us Thu, 24 Jul 2025 00:00:00 +0530 Mon, 03 Nov 2025 17:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464527 A court-approved restructuring may support depreciation on goodwill and other intangibles where goodwill is first recognised in the resulting company's books and the scheme reflects genuine commercial objectives. Additions under section 69A cannot rest on cryptic electronic chats, retracted statements, or ad hoc percentage estimates without corroboration of unexplained money, and related depreciation disallowance falls with the main addition. Deduction under section 35AD for a specified fertiliser business is not defeated by isolated or occasional shared use of assets absent proof of use for a non-specified business. Minor stock differences may not justify addition or MAT adjustment, and section 14A disallowance does not survive where no exempt income is earned. Case-Laws Income Tax Thu, 24 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464527