https://www.taxtmi.com/caselaws?id=176804 The Tribunal partially allowed the appeal, confirming the disallowance of payments for Distribution Franchise Fees and front end fees on a loan but permitted depreciation claims under section 32(1) for both. The Tribunal recognized the payments as commercial rights and capital assets, respectively, thus qualifying for depreciation. This decision highlighted the interpretation of legal provisions regarding capital expenditure and depreciation eligibility, aligning with previous rulings to justify the allowance of depreciation on the contested payments. en-us Fri, 16 Mar 2007 00:00:00 +0530 Mon, 19 Feb 2024 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176804 The Tribunal partially allowed the appeal, confirming the disallowance of payments for Distribution Franchise Fees and front end fees on a loan but permitted depreciation claims under section 32(1) for both. The Tribunal recognized the payments as commercial rights and capital assets, respectively, thus qualifying for depreciation. This decision highlighted the interpretation of legal provisions regarding capital expenditure and depreciation eligibility, aligning with previous rulings to justify the allowance of depreciation on the contested payments. Case-Laws Income Tax Fri, 16 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176804