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2018 (10) TMI 1217 - AT - Income TaxDepreciation on Goodwill / Non-Compete Fee - whether capital in nature? - Held that:- Respectfully following the decisions of the Hon'ble Karnataka High Court in the case of Ingersoll Rand International Ind Ltd.(2014 (6) TMI 934 - KARNATAKA HIGH COURT) and of the co-ordinate bench of this Tribunal in the assessee's own case for Assessment Years 2010-11, 2011-12 and 2012-13, we uphold the impugned order of the learned CIT (Appeals) in allowing the assessee's claim for depreciation on the additional amount paid by the assessee. - Decided against revenue.
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