https://www.taxtmi.com/caselaws?id=194982 ITAT AHMEDABAD (AT) dismissed the Revenue appeal. Grounds challenging additions for foreign travel, trade mark and s.40(a)(ia) disallowance were rejected following a co-ordinate bench decision for an earlier year. Claim for depreciation on non-compete fees was upheld based on consistent earlier allowances. A prior-period custodial fee of Rs.11,236 was held to be a legitimate FY 2009-10 liability and not a prior period expense. Depreciation on goodwill arising on amalgamation was allowed via revised computation without a revised return, following precedents of the SC and HC; all Revenue grounds dismissed. en-us Fri, 23 Dec 2016 00:00:00 +0530 Thu, 18 Sep 2025 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194982 ITAT AHMEDABAD (AT) dismissed the Revenue appeal. Grounds challenging additions for foreign travel, trade mark and s.40(a)(ia) disallowance were rejected following a co-ordinate bench decision for an earlier year. Claim for depreciation on non-compete fees was upheld based on consistent earlier allowances. A prior-period custodial fee of Rs.11,236 was held to be a legitimate FY 2009-10 liability and not a prior period expense. Depreciation on goodwill arising on amalgamation was allowed via revised computation without a revised return, following precedents of the SC and HC; all Revenue grounds dismissed. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194982