https://www.taxtmi.com/caselaws?id=794655 Goodwill arising on amalgamation was treated as an intangible asset eligible for depreciation under section 32(1)(ii), and no specific statutory bar was found in the provisions dealing with actual cost, written down value, amalgamation, or self-generated goodwill; the pooling of interest method in the accounts was held irrelevant, so depreciation was allowed. Notional interest on overdue receivables from associated enterprises was also disallowed as a transfer pricing adjustment because, on the facts, the assessee was debt free, had no significant interest cost, and comparable treatment for payables was not shown; the adjustment was therefore unwarranted. en-us Mon, 01 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794655 Goodwill arising on amalgamation was treated as an intangible asset eligible for depreciation under section 32(1)(ii), and no specific statutory bar was found in the provisions dealing with actual cost, written down value, amalgamation, or self-generated goodwill; the pooling of interest method in the accounts was held irrelevant, so depreciation was allowed. Notional interest on overdue receivables from associated enterprises was also disallowed as a transfer pricing adjustment because, on the facts, the assessee was debt free, had no significant interest cost, and comparable treatment for payables was not shown; the adjustment was therefore unwarranted. Case-Laws Income Tax Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794655