Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (12) TMI 564 - AT - Income TaxRectification u/s 254 - Nature of expenditure on non-compete fee/payment - depreciation claimed on the said non-compete fee - HELD THAT:- Being the jurisdictional High Court decision, we have followed Sharp Business system [2012 (11) TMI 324 - DELHI HIGH COURT] and accordingly taken a view that the depreciation claimed on the said non-compete fee cannot be allowed. Thus, we do not entertain the arguments in this part of the Misc. Application and the issue related to this in present misc. application is dismissed.
|