https://www.taxtmi.com/caselaws?id=791990 Working capital adjustment under TNMM already neutralised the effect of receivables, so no separate notional interest adjustment was warranted. Goodwill acquired on amalgamation was treated as a depreciable intangible asset, while product registration and regulatory approval expenditure was held to be revenue because it facilitated existing business operations without creating a new capital asset. Profits of the eligible industrial undertaking under section 80-IC could not be reduced by hypothetical brand royalty or marketing charges without concrete evidence, scrap income arising from manufacture remained derived from the undertaking, and substantial expansion entitled the assessee to 100% deduction within the statutory framework. en-us Thu, 14 May 2026 00:00:00 +0530 Thu, 21 May 2026 08:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791990 Working capital adjustment under TNMM already neutralised the effect of receivables, so no separate notional interest adjustment was warranted. Goodwill acquired on amalgamation was treated as a depreciable intangible asset, while product registration and regulatory approval expenditure was held to be revenue because it facilitated existing business operations without creating a new capital asset. Profits of the eligible industrial undertaking under section 80-IC could not be reduced by hypothetical brand royalty or marketing charges without concrete evidence, scrap income arising from manufacture remained derived from the undertaking, and substantial expansion entitled the assessee to 100% deduction within the statutory framework. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791990