https://www.taxtmi.com/caselaws?id=274292 The Tribunal ruled in favor of the assessee, allowing the depreciation claim on business intellectual property rights. The decision was based on the assets being used for trading activities, satisfying the conditions under Section 32(1) of the Income Tax Act. The revenue's appeal was dismissed, and the CIT (A)'s order was upheld. en-us Wed, 13 Dec 2017 00:00:00 +0530 Sun, 05 Aug 2018 20:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274292 The Tribunal ruled in favor of the assessee, allowing the depreciation claim on business intellectual property rights. The decision was based on the assets being used for trading activities, satisfying the conditions under Section 32(1) of the Income Tax Act. The revenue's appeal was dismissed, and the CIT (A)'s order was upheld. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274292