https://www.taxtmi.com/caselaws?id=433789 Issues involved in the case included depreciation on non-compete fees, applicable rate of depreciation on computer software, claim of additional depreciation on a newly installed in-house blending plant, and disallowance of bad debts written off. The tribunal allowed depreciation on non-compete fees, directing the AO to permit the claim based on the commercial right nature. It also upheld the 60% depreciation rate on standalone software, directed the allowance of additional depreciation on the blending plant costs, and remitted the bad debts issue back to the AO for further review. The tribunal's decision partially allowed the appeal for AY 2011-12 and fully allowed other appeals based on its directives. en-us Tue, 31 Jan 2023 00:00:00 +0530 Thu, 09 Feb 2023 09:59:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433789 Issues involved in the case included depreciation on non-compete fees, applicable rate of depreciation on computer software, claim of additional depreciation on a newly installed in-house blending plant, and disallowance of bad debts written off. The tribunal allowed depreciation on non-compete fees, directing the AO to permit the claim based on the commercial right nature. It also upheld the 60% depreciation rate on standalone software, directed the allowance of additional depreciation on the blending plant costs, and remitted the bad debts issue back to the AO for further review. The tribunal's decision partially allowed the appeal for AY 2011-12 and fully allowed other appeals based on its directives. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433789