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2020 (2) TMI 980 - ITAT BANGALOREDisallowance of depreciation on trade marks - transaction regarding purchase of trade mark was between sister concerns of the assessee - valuation of the same could not be substantiated with any evidence - HELD THAT:- Before us, the assessee has furnished a copy of valuation report regarding trade mark which is dated 05.09.2017 whereas the order of CIT(A) is dated 22.12.2017 for Assessment Year 2013-14 and dated 18.12.2017 for Assessment Year 2014-15. In the Paper Book this is not made clear as to whether the valuation report was made available before CIT(A) or not and obviously it could not be made available before the AO since the Assessment Orders are much prior to the date of the valuation report but there is no finding of the learned CIT(A) on this aspect as to whether any valuation report was made available before him or not. In the facts of the present case, this valuation report appears to be a new evidence which appears in the Paper Book without complying with the Tribunal Rules in respect of filing of Paper Book and hence, we do not admit the valuation report - Decided against assessee.
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