https://www.taxtmi.com/caselaws?id=788362 Depreciation on goodwill arising from amalgamation is disallowed where the goodwill was not capitalised or brought into the relevant block of assets and no actual cost or opening written down value was determined under the block mechanism; Explanation 5 does not permit allowance for an asset that never entered the block, so depreciation claim is rejected. Separately, a business loss claimed for the Dahej unit during assessment (though not in the return) requires factual verification of asset existence, use and written down value and is remitted to the Assessing Officer for fresh examination and recomputation; that part is allowed for reconsideration. en-us Wed, 18 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788362 Depreciation on goodwill arising from amalgamation is disallowed where the goodwill was not capitalised or brought into the relevant block of assets and no actual cost or opening written down value was determined under the block mechanism; Explanation 5 does not permit allowance for an asset that never entered the block, so depreciation claim is rejected. Separately, a business loss claimed for the Dahej unit during assessment (though not in the return) requires factual verification of asset existence, use and written down value and is remitted to the Assessing Officer for fresh examination and recomputation; that part is allowed for reconsideration. Case-Laws Income Tax Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788362