Issue raised against the deletion of disallowance of depreciation on Intangible assets

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Last updated: 26 May 2021
Quick Summary
This Income Tax Appellate Tribunal ruling addresses the Revenue's appeal against the deletion of disallowed depreciation on intangible assets for the assessment years 2010-11 and 2014-15. The Assessing Officer had disallowed depreciation on technical know-how, goodwill, and non-compete fees, a stance previously taken in earlier assessment years. However, the CIT(A) deleted this addition, relying on previous Tribunal orders.

Court :
ITAT Pune

Brief :
These two appeals by the Revenue emanate from the common order dated 10-08-2018 passed by the CIT(A)-2, Thane in relation to the assessment years 200-11 & 2014-15. Since a common issue is raised in these appeals, we are, therefore, proceeding to dispose them off by this consolidated order for the sake of convenience.

Citation :
ITA 1725/PUN/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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