https://www.taxtmi.com/caselaws?id=369123 The Tribunal allowed the appeal of the assessee, holding that the Commissioner's order under Section 263 was invalid both on jurisdictional grounds and on the merits of the case. The Tribunal directed the AO to allow the claim of depreciation on tangible and intangible assets, including know-how, trademarks, patents, goodwill, and non-compete fee, with a reduction in the value of intangible assets by Rs. 13 crores for the Panki land. The appeal was thus decided in favor of the assessee. en-us Tue, 24 Jul 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369123 The Tribunal allowed the appeal of the assessee, holding that the Commissioner's order under Section 263 was invalid both on jurisdictional grounds and on the merits of the case. The Tribunal directed the AO to allow the claim of depreciation on tangible and intangible assets, including know-how, trademarks, patents, goodwill, and non-compete fee, with a reduction in the value of intangible assets by Rs. 13 crores for the Panki land. The appeal was thus decided in favor of the assessee. Case-Laws Income Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369123