https://www.taxtmi.com/highlights?id=102737 Acquisition-related legal and professional expenditure for extending an undertaking or establishing a new unit falls under the specific preliminary-expense amortisation provision rather than the residuary deduction provision; the Assessing Officer's treatment was sustained. Repairs to leased premises remained partly revenue in nature, while depreciation on business-use premises and office equipment was allowed. Trademark renewal and protection expenditure requires verification of whether it merely maintains existing intellectual-property rights and was remanded. Interest disallowance relating to exempt income was restricted where own funds exceeded investments, but expenditure computed under Rule 8D was required to be added back in book-pro..... en-us Mon, 17 Aug 2026 11:57:56 +0530 Mon, 17 Aug 2026 11:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102737 Acquisition-related legal and professional expenditure for extending an undertaking or establishing a new unit falls under the specific preliminary-expense amortisation provision rather than the residuary deduction provision; the Assessing Officer's treatment was sustained. Repairs to leased premises remained partly revenue in nature, while depreciation on business-use premises and office equipment was allowed. Trademark renewal and protection expenditure requires verification of whether it merely maintains existing intellectual-property rights and was remanded. Interest disallowance relating to exempt income was restricted where own funds exceeded investments, but expenditure computed under Rule 8D was required to be added back in book-pro..... Highlights Income Tax Mon, 17 Aug 2026 11:57:56 +0530 https://www.taxtmi.com/highlights?id=102737