https://www.taxtmi.com/caselaws?id=216126 The Tribunal upheld the decision of the Commissioner of Income Tax(Appeals) to allow depreciation on the development fee paid by the assessee, considering it as the creation of an intangible asset eligible for depreciation under the Income Tax Act. The Tribunal dismissed the appeal of the Revenue and the cross objection of the assessee, affirming the decision to grant depreciation on the development fee paid. en-us Mon, 11 Jun 2012 00:00:00 +0530 Sat, 25 Aug 2012 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216126 The Tribunal upheld the decision of the Commissioner of Income Tax(Appeals) to allow depreciation on the development fee paid by the assessee, considering it as the creation of an intangible asset eligible for depreciation under the Income Tax Act. The Tribunal dismissed the appeal of the Revenue and the cross objection of the assessee, affirming the decision to grant depreciation on the development fee paid. Case-Laws Income Tax Mon, 11 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216126