https://www.taxtmi.com/caselaws?id=789704 Depreciation on a trademark was treated as allowable on the opening written down value in subsequent years where the claim had already been accepted in the first year on the same facts, applying the principle of consistency. The material also explains that disallowance under section 14A is not to be mechanically imported into book profit computation under section 115JB, because clause (f) of Explanation 1 operates independently. It further states that section 14A does not apply where no exempt income is earned during the relevant year, and the later statutory amendment was regarded as prospective. en-us Fri, 10 Apr 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789704 Depreciation on a trademark was treated as allowable on the opening written down value in subsequent years where the claim had already been accepted in the first year on the same facts, applying the principle of consistency. The material also explains that disallowance under section 14A is not to be mechanically imported into book profit computation under section 115JB, because clause (f) of Explanation 1 operates independently. It further states that section 14A does not apply where no exempt income is earned during the relevant year, and the later statutory amendment was regarded as prospective. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789704