https://www.taxtmi.com/caselaws?id=771432 ITAT Hyderabad remanded the non-compete fee depreciation issue to AO for re-examination regarding whether it qualifies as intangible asset, noting insufficient evidence on related party transactions and need to analyze commercial rights nature. The tribunal upheld CIT(A)'s allowance of TV serial production costs as revenue expenditure. Film software library depreciation was confirmed at 25% but valuation remanded for independent assessment. Section 14A disallowance was remanded to exclude non-exempt income investments. Provision for expenses claim was sent back for verification with additional evidence. Subscription revenue addition was upheld, confirming AO's assessment of March 2020 revenue shortfall. en-us Fri, 16 May 2025 00:00:00 +0530 Mon, 26 May 2025 08:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771432 ITAT Hyderabad remanded the non-compete fee depreciation issue to AO for re-examination regarding whether it qualifies as intangible asset, noting insufficient evidence on related party transactions and need to analyze commercial rights nature. The tribunal upheld CIT(A)'s allowance of TV serial production costs as revenue expenditure. Film software library depreciation was confirmed at 25% but valuation remanded for independent assessment. Section 14A disallowance was remanded to exclude non-exempt income investments. Provision for expenses claim was sent back for verification with additional evidence. Subscription revenue addition was upheld, confirming AO's assessment of March 2020 revenue shortfall. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771432