https://www.taxtmi.com/caselaws?id=384117 The High Court dismissed the Tax Appeal filed by the Revenue, upholding the order passed by the Income Tax Appellate Tribunal. The court held that noncompete fees could qualify for depreciation under section 32(1)(ii) of the Income Tax Act, 1961, as depreciable intangible assets. Regarding the non-deduction of tax on commission paid to foreign agents, it was ruled that if the income did not accrue or arise in India, there was no obligation to deduct tax at source under section 40(a)(ia). en-us Tue, 30 Jul 2019 00:00:00 +0530 Mon, 05 Aug 2019 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384117 The High Court dismissed the Tax Appeal filed by the Revenue, upholding the order passed by the Income Tax Appellate Tribunal. The court held that noncompete fees could qualify for depreciation under section 32(1)(ii) of the Income Tax Act, 1961, as depreciable intangible assets. Regarding the non-deduction of tax on commission paid to foreign agents, it was ruled that if the income did not accrue or arise in India, there was no obligation to deduct tax at source under section 40(a)(ia). Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384117