https://www.taxtmi.com/caselaws?id=260467 The appeal was partly allowed for the assessee, with the Revenue's appeal being dismissed. The Tribunal upheld the CIT(A)'s decisions on various grounds, including allowing depreciation on non-compete fees, deleting additions based on the Shreyas S. Morakhia case, and disallowing expenses under section 14A. Additionally, the Tribunal agreed with treating Vanda and trading losses as business losses rather than speculative losses. en-us Fri, 15 May 2015 00:00:00 +0530 Sat, 13 Jun 2015 06:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260467 The appeal was partly allowed for the assessee, with the Revenue's appeal being dismissed. The Tribunal upheld the CIT(A)'s decisions on various grounds, including allowing depreciation on non-compete fees, deleting additions based on the Shreyas S. Morakhia case, and disallowing expenses under section 14A. Additionally, the Tribunal agreed with treating Vanda and trading losses as business losses rather than speculative losses. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260467