https://www.taxtmi.com/caselaws?id=797090 Depreciation on goodwill arising from amalgamation is allowable under Section 32(1)(ii) where the goodwill represents excess consideration over the amalgamating entities' net asset value and is supported by the amalgamation scheme and valuation. Consistent prior-year allowance should continue absent distinguishing facts or evidence of an artificial goodwill arrangement. Reimbursement of employee stock option costs to a group entity is deductible under Section 37(1) when it constitutes business-related employee compensation and the liability accrues under the mercantile system. The claims remain allowable where identical claims were accepted in earlier years and no distinguishing facts are established. en-us Thu, 13 Aug 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797090 Depreciation on goodwill arising from amalgamation is allowable under Section 32(1)(ii) where the goodwill represents excess consideration over the amalgamating entities' net asset value and is supported by the amalgamation scheme and valuation. Consistent prior-year allowance should continue absent distinguishing facts or evidence of an artificial goodwill arrangement. Reimbursement of employee stock option costs to a group entity is deductible under Section 37(1) when it constitutes business-related employee compensation and the liability accrues under the mercantile system. The claims remain allowable where identical claims were accepted in earlier years and no distinguishing facts are established. Case-Laws Income Tax Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797090