https://www.taxtmi.com/caselaws?id=793643 Section 10AA deduction was upheld for the three undertakings of the amalgamated entity because the units had been accepted in earlier years and no contrary factual distinction was shown. Deduction was also allowed on profits from deputation of technical manpower and onsite software development, following the direct nexus recognised in the assessee's own case. Section 14A disallowance was deleted as no exempt income arose during the year. Depreciation on goodwill was allowed on written down value. Delisting expenses were not accepted as revenue expenditure for want of proof of business purpose, so that addition was restored. Foreign tax credit and deduction for Japan taxes were allowed in principle, while computation of credit and prior period expenses were remanded; interest allocation and MAT credit did not succeed for the assessee. en-us Fri, 08 May 2026 00:00:00 +0530 Fri, 19 Jun 2026 16:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793643 Section 10AA deduction was upheld for the three undertakings of the amalgamated entity because the units had been accepted in earlier years and no contrary factual distinction was shown. Deduction was also allowed on profits from deputation of technical manpower and onsite software development, following the direct nexus recognised in the assessee's own case. Section 14A disallowance was deleted as no exempt income arose during the year. Depreciation on goodwill was allowed on written down value. Delisting expenses were not accepted as revenue expenditure for want of proof of business purpose, so that addition was restored. Foreign tax credit and deduction for Japan taxes were allowed in principle, while computation of credit and prior period expenses were remanded; interest allocation and MAT credit did not succeed for the assessee. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793643