https://www.taxtmi.com/caselaws?id=305051 The Hon'ble High Court remitted the cases back to the Tribunal for a fresh examination of the issue within twelve weeks. The original orders disallowed depreciation on IPRs and non-compete fee based on a previous decision. The Sr. Counsel argued for distinguishing the case and cited precedents allowing depreciation on non-compete fees. The Tribunal remitted the issue to the Assessing Officer for a fresh decision based on relevant case law, allowing the appeals for statistical purposes and dismissing the miscellaneous petitions as infructuous. The final order was pronounced on 21.12.2011. en-us Wed, 21 Dec 2011 00:00:00 +0530 Mon, 14 Nov 2022 14:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305051 The Hon'ble High Court remitted the cases back to the Tribunal for a fresh examination of the issue within twelve weeks. The original orders disallowed depreciation on IPRs and non-compete fee based on a previous decision. The Sr. Counsel argued for distinguishing the case and cited precedents allowing depreciation on non-compete fees. The Tribunal remitted the issue to the Assessing Officer for a fresh decision based on relevant case law, allowing the appeals for statistical purposes and dismissing the miscellaneous petitions as infructuous. The final order was pronounced on 21.12.2011. Case-Laws Income Tax Wed, 21 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305051