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2019 (5) TMI 278 - AT - Income TaxDepreciation on Customer Relationship Rights (Non-compete fee) - customer relationship rights (non-compete fees) which was considered as an intangible asset by the Appellant - HELD THAT:- As decided in assessee's own case [2016 (3) TMI 1347 - ITAT BANGALORE] the claim of the assessee is required to be considered by treating the said payment as goodwill. We found strength in the submissions of the learned AR on the claim of depreciation on Customer Relationship Rights supported with observations of the Co-ordinate bench and following the judicial discipline, we set aside the order of the CIT(A) and direct the AO to grant depreciation on Customer Relationship Rights treating the same as ‘Goodwill” and allow the grounds of appeal of the assessee.
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