https://www.taxtmi.com/caselaws?id=311930 ITAT Chennai-AT remitted multiple issues back to AO for fresh examination due to lack of supporting documentation. The Tribunal set aside orders regarding depreciation on non-compete fee, directing AO to examine records from 2001-02 to 2005-06 and decide per Pentasoft Technologies judgment. Depreciation on goodwill was allowed based on Delhi HC precedent. TDS under section 195 for testing fee paid to Netherlands company was held not applicable as no technical knowledge was transferred. Payments to French and US entities were remitted back for re-examination due to insufficient evidence. Warranty provision disallowance and additional depreciation claims were also sent back to AO for proper verification. Only depreciation at 60% on UPS was allowed. en-us Fri, 23 Mar 2018 00:00:00 +0530 Tue, 23 Jan 2024 20:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311930 ITAT Chennai-AT remitted multiple issues back to AO for fresh examination due to lack of supporting documentation. The Tribunal set aside orders regarding depreciation on non-compete fee, directing AO to examine records from 2001-02 to 2005-06 and decide per Pentasoft Technologies judgment. Depreciation on goodwill was allowed based on Delhi HC precedent. TDS under section 195 for testing fee paid to Netherlands company was held not applicable as no technical knowledge was transferred. Payments to French and US entities were remitted back for re-examination due to insufficient evidence. Warranty provision disallowance and additional depreciation claims were also sent back to AO for proper verification. Only depreciation at 60% on UPS was allowed. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311930