https://www.taxtmi.com/caselaws?id=790707 Depreciation was held allowable on goodwill arising from an amalgamation, treating it as an intangible asset under section 32(1)(ii) because it represented consideration for acquisition of a running business with commercial rights and business advantages; the disallowance was deleted in the assessee's favour. Transfer pricing adjustment on inter-unit sale of electricity for computing deduction under section 80IA was rejected because the assessee's internal CUP, based on the distribution company's consumer tariff, was accepted as a reliable benchmark for a homogeneous commodity; the substitute rate adopted by the TPO was not accepted and the deduction was upheld. en-us Thu, 23 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 15:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790707 Depreciation was held allowable on goodwill arising from an amalgamation, treating it as an intangible asset under section 32(1)(ii) because it represented consideration for acquisition of a running business with commercial rights and business advantages; the disallowance was deleted in the assessee's favour. Transfer pricing adjustment on inter-unit sale of electricity for computing deduction under section 80IA was rejected because the assessee's internal CUP, based on the distribution company's consumer tariff, was accepted as a reliable benchmark for a homogeneous commodity; the substitute rate adopted by the TPO was not accepted and the deduction was upheld. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790707