https://www.taxtmi.com/caselaws?id=470906 Amortised write-offs of the net realisable value of advances and goodwill arising under a High Court-approved amalgamation scheme were treated as allowable miscellaneous expenses. Identical claims for the immediately succeeding assessment year had been accepted by the Tribunal and affirmed by the jurisdictional High Court. The claims were disclosed in the accounts and represented a legally permissible treatment under the approved amalgamation scheme. The binding earlier determination governed the identical issue, supporting allowability in favour of the assessee. en-us Wed, 13 May 2015 00:00:00 +0530 Thu, 13 Aug 2026 11:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470906 Amortised write-offs of the net realisable value of advances and goodwill arising under a High Court-approved amalgamation scheme were treated as allowable miscellaneous expenses. Identical claims for the immediately succeeding assessment year had been accepted by the Tribunal and affirmed by the jurisdictional High Court. The claims were disclosed in the accounts and represented a legally permissible treatment under the approved amalgamation scheme. The binding earlier determination governed the identical issue, supporting allowability in favour of the assessee. Case-Laws Income Tax Wed, 13 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470906