https://www.taxtmi.com/caselaws?id=181447 The Tribunal upheld the quashing of reassessment proceedings due to a change of opinion, ruling in favor of the assessee. However, it reversed the decision on treating the non-compete fee as revenue expenditure, siding with the Revenue. The Tribunal allowed the claim for depreciation on the non-compete fee, treating it as an intangible asset. The Revenue's appeal was dismissed, with the order pronounced on 14/01/2016. en-us Thu, 14 Jan 2016 00:00:00 +0530 Mon, 18 Apr 2016 08:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181447 The Tribunal upheld the quashing of reassessment proceedings due to a change of opinion, ruling in favor of the assessee. However, it reversed the decision on treating the non-compete fee as revenue expenditure, siding with the Revenue. The Tribunal allowed the claim for depreciation on the non-compete fee, treating it as an intangible asset. The Revenue's appeal was dismissed, with the order pronounced on 14/01/2016. Case-Laws Income Tax Thu, 14 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181447