https://www.taxtmi.com/caselaws?id=365386 The High Court ruled in favor of the assessee in a Tax Case Appeal concerning entitlement to depreciation on non-complete fee and brand equity under Section 32 of the Income Tax Act. Citing precedents and the definition of intangible assets, the Court held that both non-complete fee and brand equity qualify for depreciation under Section 32(1)(ii) of the Act. The Court dismissed the appeal, emphasizing that brand equity constitutes an intangible asset eligible for depreciation. en-us Fri, 29 Jun 2018 00:00:00 +0530 Thu, 16 Aug 2018 07:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365386 The High Court ruled in favor of the assessee in a Tax Case Appeal concerning entitlement to depreciation on non-complete fee and brand equity under Section 32 of the Income Tax Act. Citing precedents and the definition of intangible assets, the Court held that both non-complete fee and brand equity qualify for depreciation under Section 32(1)(ii) of the Act. The Court dismissed the appeal, emphasizing that brand equity constitutes an intangible asset eligible for depreciation. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365386