https://www.taxtmi.com/caselaws?id=796516 Amortisation of goodwill arising from a business acquisition or merger is characterised as a non-operating expense for computing the profit level indicator under the Transactional Net Margin Method. Because goodwill amortisation stems from an exceptional acquisition event rather than ordinary business operations, it should be excluded from operating costs to ensure that the taxpayer's operating margin is comparable with uncontrolled entities. Accordingly, the Assessing Officer or Transfer Pricing Officer must exclude goodwill amortisation when determining the profit level indicator for transfer-pricing adjustments. en-us Fri, 31 Jul 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796516 Amortisation of goodwill arising from a business acquisition or merger is characterised as a non-operating expense for computing the profit level indicator under the Transactional Net Margin Method. Because goodwill amortisation stems from an exceptional acquisition event rather than ordinary business operations, it should be excluded from operating costs to ensure that the taxpayer's operating margin is comparable with uncontrolled entities. Accordingly, the Assessing Officer or Transfer Pricing Officer must exclude goodwill amortisation when determining the profit level indicator for transfer-pricing adjustments. Case-Laws Income Tax Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796516