https://www.taxtmi.com/caselaws?id=456455 Delhi HC upheld ITAT's decision regarding two tax issues. First, Section 14A applicability to assessments under Section 115JB was decided against the appellant, following the court's precedent in Moon Star Securities Trading Finance Co. Second, regarding depreciation on non-compete fee, the court ruled in favor of the appellant based on Sharp Business System precedent, though noted ITAT failed to consider this judgment but reached consistent conclusions. The court found no justification to interfere with ITAT's ultimate findings. en-us Tue, 16 Apr 2024 00:00:00 +0530 Thu, 25 Jul 2024 20:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456455 Delhi HC upheld ITAT's decision regarding two tax issues. First, Section 14A applicability to assessments under Section 115JB was decided against the appellant, following the court's precedent in Moon Star Securities Trading Finance Co. Second, regarding depreciation on non-compete fee, the court ruled in favor of the appellant based on Sharp Business System precedent, though noted ITAT failed to consider this judgment but reached consistent conclusions. The court found no justification to interfere with ITAT's ultimate findings. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456455