https://www.taxtmi.com/caselaws?id=795515 Export commission paid to a Belgian entity was taxable under the applicable treaty position, requiring tax deduction and sustaining the related disallowance. Goodwill arising from approved amalgamations and slump-sale acquisition qualified as a depreciable intangible asset because the later statutory exclusion was prospective. Amortised charges for infrastructure on leased land and swap premiums for hedging foreign-currency borrowing exposure were revenue expenditure, as neither created or formed part of a capital asset. Exempt-income disallowance required exclusion of interest where own funds exceeded investments and exclusion of non-income-yielding investments for indirect expenditure. Software licences qualified for computer-software depreciation, and additional employee-cost deduction applied from the year employees completed the required service period. en-us Fri, 03 Jul 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795515 Export commission paid to a Belgian entity was taxable under the applicable treaty position, requiring tax deduction and sustaining the related disallowance. Goodwill arising from approved amalgamations and slump-sale acquisition qualified as a depreciable intangible asset because the later statutory exclusion was prospective. Amortised charges for infrastructure on leased land and swap premiums for hedging foreign-currency borrowing exposure were revenue expenditure, as neither created or formed part of a capital asset. Exempt-income disallowance required exclusion of interest where own funds exceeded investments and exclusion of non-income-yielding investments for indirect expenditure. Software licences qualified for computer-software depreciation, and additional employee-cost deduction applied from the year employees completed the required service period. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795515