https://www.taxtmi.com/caselaws?id=270071 The Tribunal granted the applicant's Miscellaneous Application for rectification of a common consolidated order concerning depreciation on non-compete fees. It directed the Assessing Officer to allow depreciation on fees paid to one entity for assessment year 2002-03 but upheld disallowance for fees paid to another entity for assessment year 2007-08. The decision was based on consistency in treating non-compete fees as capital expenditure and aligned with previous rulings and legal principles. The order was pronounced in favor of the applicant on 18th December 2015. en-us Fri, 18 Dec 2015 00:00:00 +0530 Mon, 28 Dec 2015 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270071 The Tribunal granted the applicant's Miscellaneous Application for rectification of a common consolidated order concerning depreciation on non-compete fees. It directed the Assessing Officer to allow depreciation on fees paid to one entity for assessment year 2002-03 but upheld disallowance for fees paid to another entity for assessment year 2007-08. The decision was based on consistency in treating non-compete fees as capital expenditure and aligned with previous rulings and legal principles. The order was pronounced in favor of the applicant on 18th December 2015. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270071