https://www.taxtmi.com/caselaws?id=801180 Section 14A permits Rule 8D computation only where recorded, account-based dissatisfaction establishes that a voluntary exempt-income expenditure disallowance is incorrect; a formula-only objection is insufficient. For assessment year 2020-21, depreciation is available on goodwill, brands and distribution networks identified and acquired for apportioned consideration in a demerger, even if absent from the demerged entity's asset block. Restrictions applicable to existing block assets do not cover these newly identified intangibles, and the later goodwill exclusion applies prospectively. Donation deductions disclosed in returns and audit records require consideration once assessment adjustments yield positive gross total income, notwithstanding losses in the returned computation. en-us Wed, 07 Oct 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801180 Section 14A permits Rule 8D computation only where recorded, account-based dissatisfaction establishes that a voluntary exempt-income expenditure disallowance is incorrect; a formula-only objection is insufficient. For assessment year 2020-21, depreciation is available on goodwill, brands and distribution networks identified and acquired for apportioned consideration in a demerger, even if absent from the demerged entity's asset block. Restrictions applicable to existing block assets do not cover these newly identified intangibles, and the later goodwill exclusion applies prospectively. Donation deductions disclosed in returns and audit records require consideration once assessment adjustments yield positive gross total income, notwithstanding losses in the returned computation. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801180