https://www.taxtmi.com/caselaws?id=392536 The Tribunal upheld the CIT(A)'s decision to disallow depreciation on trade marks for Assessment Years 2013-14 and 2014-15. The valuation of the trade marks was deemed arbitrary and not substantiated, with the valuation report being rejected for non-compliance with Tribunal Rules. The assessee's argument of revenue neutrality was refuted, and the Tribunal found no substantial evidence to support the depreciation claim. Consequently, both appeals were dismissed due to the lack of compliance and substantiation in the valuation of the trade marks. en-us Fri, 07 Feb 2020 00:00:00 +0530 Sat, 22 Feb 2020 16:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392536 The Tribunal upheld the CIT(A)'s decision to disallow depreciation on trade marks for Assessment Years 2013-14 and 2014-15. The valuation of the trade marks was deemed arbitrary and not substantiated, with the valuation report being rejected for non-compliance with Tribunal Rules. The assessee's argument of revenue neutrality was refuted, and the Tribunal found no substantial evidence to support the depreciation claim. Consequently, both appeals were dismissed due to the lack of compliance and substantiation in the valuation of the trade marks. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392536