https://www.taxtmi.com/caselaws?id=406158 The High Court quashed the Tribunal's order and remitted the case for fresh consideration, emphasizing the need for proper reasoning and adherence to statutory provisions. The dispute centered on whether depreciation on franchise fees should be based on total cost or amounts paid in the relevant year, with the assessee advocating for depreciation on the entire franchise rights cost. The Tribunal's lack of reasoning prompted the High Court's intervention, leaving the issue of franchise fee depreciation pending a new determination by the Tribunal. en-us Wed, 24 Mar 2021 00:00:00 +0530 Wed, 07 Apr 2021 09:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406158 The High Court quashed the Tribunal's order and remitted the case for fresh consideration, emphasizing the need for proper reasoning and adherence to statutory provisions. The dispute centered on whether depreciation on franchise fees should be based on total cost or amounts paid in the relevant year, with the assessee advocating for depreciation on the entire franchise rights cost. The Tribunal's lack of reasoning prompted the High Court's intervention, leaving the issue of franchise fee depreciation pending a new determination by the Tribunal. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406158