https://www.taxtmi.com/caselaws?id=466116 Assessment of depreciability of intangible assets addressed prior authorities concluding that certain intangibles (e.g., brand equity) are not automatically barred from depreciation; legal reasoning follows precedents overruling Revenue's characterization and denying automatic disallowance, with the consequence that depreciation claim was rejected where statutory criteria were unmet. Characterisation of a prepayment of deferred sales tax was held to be a revenue receipt on the basis of factual and legal analysis, resulting in its treatment as income. Application of the proportionality principle in investment disallowance led to limited or no Section 14A-style disallowance where own funds exceeded investments, thus reducing disallowance impact. en-us Wed, 07 Jun 2023 00:00:00 +0530 Thu, 19 Feb 2026 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466116 Assessment of depreciability of intangible assets addressed prior authorities concluding that certain intangibles (e.g., brand equity) are not automatically barred from depreciation; legal reasoning follows precedents overruling Revenue's characterization and denying automatic disallowance, with the consequence that depreciation claim was rejected where statutory criteria were unmet. Characterisation of a prepayment of deferred sales tax was held to be a revenue receipt on the basis of factual and legal analysis, resulting in its treatment as income. Application of the proportionality principle in investment disallowance led to limited or no Section 14A-style disallowance where own funds exceeded investments, thus reducing disallowance impact. Case-Laws Income Tax Wed, 07 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466116