https://www.taxtmi.com/caselaws?id=410607 The court dismissed the appeal, upholding the ITAT's decision that non-compete fees do not qualify as intangible assets for depreciation under Section 32(1)(ii). The court found the ITAT within its jurisdiction to address the issue and followed the precedent set in Sharp Business Systems. The appellant's arguments did not merit a different conclusion, and the appeal was dismissed with no order as to costs. en-us Thu, 29 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410607 The court dismissed the appeal, upholding the ITAT's decision that non-compete fees do not qualify as intangible assets for depreciation under Section 32(1)(ii). The court found the ITAT within its jurisdiction to address the issue and followed the precedent set in Sharp Business Systems. The appellant's arguments did not merit a different conclusion, and the appeal was dismissed with no order as to costs. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410607