https://www.taxtmi.com/caselaws?id=787214 The tribunal addressed two issues: whether depreciation is allowable on goodwill alleged to arise from an intra-group amalgamation, and whether tax on share buyback is leviable with distributable income correctly computed. Applying factual and accounting analysis, the tribunal found the alleged goodwill to be an artificial device created within a related party merger without arm's length consideration or genuine commercial advantage, and disallowed depreciation. It also accepted the tax authority's computation of amount received on issue for calculating distributable income on the subsequent buyback and upheld levy under the buyback tax provision; both claims of the assessee were dismissed. en-us Tue, 17 Feb 2026 00:00:00 +0530 Sat, 28 Feb 2026 08:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787214 The tribunal addressed two issues: whether depreciation is allowable on goodwill alleged to arise from an intra-group amalgamation, and whether tax on share buyback is leviable with distributable income correctly computed. Applying factual and accounting analysis, the tribunal found the alleged goodwill to be an artificial device created within a related party merger without arm's length consideration or genuine commercial advantage, and disallowed depreciation. It also accepted the tax authority's computation of amount received on issue for calculating distributable income on the subsequent buyback and upheld levy under the buyback tax provision; both claims of the assessee were dismissed. Case-Laws Income Tax Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787214