https://www.taxtmi.com/caselaws?id=281663 The ITAT Ahmedabad dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on the depreciation of intangible assets and the treatment of royalty as revenue expenditure. The Tribunal held that intangible assets were eligible for depreciation under section 32(1)(ii) of the Income-tax Act, 1961, and based its decision on past precedents. The Tribunal also upheld the CIT(A)'s decision to delete the addition of royalty expenses, citing consistency with previous Tribunal rulings. en-us Fri, 29 Apr 2011 00:00:00 +0530 Sat, 29 Jun 2019 16:06:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281663 The ITAT Ahmedabad dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on the depreciation of intangible assets and the treatment of royalty as revenue expenditure. The Tribunal held that intangible assets were eligible for depreciation under section 32(1)(ii) of the Income-tax Act, 1961, and based its decision on past precedents. The Tribunal also upheld the CIT(A)'s decision to delete the addition of royalty expenses, citing consistency with previous Tribunal rulings. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281663