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2018 (8) TMI 647 - AT - Income TaxDisallowance of depreciation on non-compete territory rights - Held that:- The AO either should have dealt with the issue elaborately in the original assessment order, or should have followed the outcome of the assessment year 2002-03. The ld.CIT(A) in the first round in all these years has allowed the ground of appeal. It means, depreciation ought to be granted to the assessee. The department sought to disallow the deprecation to the assessee in all these years even without adjudicating the issue on merit at any stage. It is not permissible. - Decided against the revenue.
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