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2024 (4) TMI 1154 - HC - Income TaxApplicability of Section 14A to assessments which would be governed by Section 115JB - HELD THAT - Issue stands conclusively answered against the appellant in light of the judgment rendered by us in CIT v. Moon Star Securities Trading Finance Co. 2024 (3) TMI 667 - DELHI HIGH COURT Depreciation on non-compete fee - HELD THAT - Deprecation on non-compete fee is an issue which is no longer res integra and stands answered by our Court in Sharp Business System 2012 (11) TMI 324 - DELHI HIGH COURT in favour of the appellant. ITAT has essentially followed the principle of consistency insofar as the case of the respondent assessee is concerned. We consequently find no justification to interfere with or disturb the ultimate conclusions rendered by the ITAT notwithstanding it having failed to notice or consider the judgment rendered in Sharp Business System.
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