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2021 (9) TMI 305 - HC - Income TaxDepreciation on non compete fee at 25% - Depreciation on intangible assets - Disallowance of claim by revenue as non compete fee paid does not confer upon the assessee any right which could be used in the business - it only restrains the other person from carrying on his business in competition with the assessee's business - Tribunal allowed depreciation - HELD THAT:- It is not in dispute that the substantial questions of law which have been framed for considered have been answered against the revenue and in favour of the assessee in the case of Commissioner of Income Tax, LTU, Chennai vs. Areva T & D India Ltd. [2021 (4) TMI 32 - MADRAS HIGH COURT] - Decided against revenue.
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