https://www.taxtmi.com/caselaws?id=445228 Depreciation on non-compete fee was treated as unavailable where the payment did not qualify as an eligible intangible asset under section 32(1)(ii), and the claim was disallowed. Set-off of brought forward losses after amalgamation was also denied because the statutory conditions under section 72A were not satisfied, so the benefit could not be claimed for the year under review. The note records that both additions were sustained and the assessee's appeal failed in full. en-us Mon, 30 Oct 2023 00:00:00 +0530 Fri, 03 Nov 2023 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445228 Depreciation on non-compete fee was treated as unavailable where the payment did not qualify as an eligible intangible asset under section 32(1)(ii), and the claim was disallowed. Set-off of brought forward losses after amalgamation was also denied because the statutory conditions under section 72A were not satisfied, so the benefit could not be claimed for the year under review. The note records that both additions were sustained and the assessee's appeal failed in full. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445228