Income Tax Officer v. Medicorp Technologies India Ltd.

122 TTJ 394Income Tax Appellate Tribunal2009#7804 most cited
14

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2017 to 2024.

Sections most often in play

Section 143(3)Section 14ASection 153ASection 153DSection 2(11)Section 32(1)(ii)Section 41(2)Section 43(6)

Issues it is cited on

depreciation on non-compete feesection 24(1)section 41(2)rule 8d disallowancesection 2(1)non-compete feesection 14a disallowancesection 2(11)section 43(6)section 24(a)section 32(1)(ii)commercial rights

Judgments citing Income Tax Officer v. Medicorp Technologies India Ltd.

METRO TYRES LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE-5, NEW DELHI

ITA 4734/DEL/2017[2014-15]Status: DisposedITAT Delhi20 Dec 2024AY 2014-15

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S. METRO TYRES LTD.,NEW DELHI vs. DCIT, NEW DELHI

ITA 5966/DEL/2016[2013-14]Status: DisposedITAT Delhi20 Dec 2024AY 2013-14

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

DCIT, NEW DELHI vs. M/S. METRO TYRES LTD., NEW DELHI

ITA 418/DEL/2016[2011-12]Status: DisposedITAT Delhi20 Dec 2024AY 2011-12

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

ITA 379/DEL/2016[2012-13]Status: DisposedITAT Delhi20 Dec 2024AY 2012-13

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

ITA 378/DEL/2016[2011-12]Status: DisposedITAT Delhi20 Dec 2024AY 2011-12

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

DCIT, NEW DELHI vs. M/S. METRO TYRES LTD., NEW DELHI

ITA 5354/DEL/2015[2010-11]Status: DisposedITAT Delhi20 Dec 2024AY 2010-11

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S. METRO TYRES LTD.,DELHI vs. DCIT, NEW DELHI

ITA 5041/DEL/2015[2010-11]Status: DisposedITAT Delhi20 Dec 2024AY 2010-11

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S. METRO TYRES LTD.,DELHI vs. DCIT, NEW DELHI

ITA 5039/DEL/2015[2009-10]Status: DisposedITAT Delhi20 Dec 2024AY 2009-10

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S METRO TYRES LTD.,,NEW DELHI vs. DCIT, NEW DELHI

ITA 5767/DEL/2013[2009-10]Status: DisposedITAT Delhi20 Dec 2024AY 2009-10

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S. METRO TYRES LTD.,NEW DELHI vs. DCIT, NEW DELHI

ITA 2266/DEL/2013[2008-09]Status: DisposedITAT Delhi20 Dec 2024AY 2008-09

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

M/S. METRO TYRES LTD.,NEW DELHI vs. ADDL. CIT, NEW DELHI

ITA 1031/DEL/2013[2007-08]Status: DisposedITAT Delhi20 Dec 2024AY 2007-08

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

…essee had placed reliance on the following judgment: a) ACIT v. GE Plastic India Ltd. [2012] 137 ITD 309 (Ahmedabad ITAT). b) Serum Institute of India Ltd. v. ACIT [2011] 135 ITD 69 (Pune ITAT). c) Income Tax Officer v. Medicorp Technologies India Ltd. [2009] 122 TTJ 394 (Chennai ITAT). d) Assistant Commissioner of Income Tax v. Real Image Tech. (P) Ltd. (2009) 120 TTJ 983 (Chennai ITAT). e) CIT v. Smifs Securities Ltd. [2012] 24 taxmann.com 222, this judgment deals with the issue of goodwill being an intangible asset, and not with the issue of non compete being an intangible, depreciable asset. ITA No. 1031/De…

BAYER CROPSCIENCE LTD,MUMBAI vs. ADDL CIT RG 10(3), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for the statistical purposes and the appeal filed by the Revenue is dismissed

ITA 7619/MUM/2013[2008-09]Status: DisposedITAT Mumbai07 Jun 2018AY 2008-09

Bench: Shri Saktijit Dey & Shri Rajesh Kumarassessment Year: 2008-09

For Appellant: Shri Paras S. Savla, A.R. &For Respondent: Ms. Pooja Swarup, D.R
Section 143(2)Section 14ASection 40Section 40A(2)

…d. vs. ITO [118 TTJ 344] (Mumbai Tribunal) • Kotak Forex Brokerage Ltd. vs. ACIT [33 SOT 237] (Mumbai Tribunal) • ACIT vs. American Express Services India Ltd. [ITA 74/2003 ITA 75/2003 ITA 653/2005] (Mumbai Tribunal) • ITO vs Medicorp Technologies India Ltd. [122 TTJ 394] (Chennai Tribunal) 29 M/s. Bayer CropScience Ltd. • ACIT vs Real Image Tech. (P) Ltd. [120 TTJ 983] (Chennai Tribunal) • Ashoka Info (P) Ltd. vs. ACIT [123 TTJ 77] (Pune Tribunal).” 4.3 I have carefully considered the submissions of the appellant, the impugned assessment order. The product trial run expenditures are incurred by the appellant t…

ACIT, NEW DELHI vs. M/S. S.C. JOHNSON PRODUCTS PVT. LTD., NEW DELHI

In the result, the Appeal filed by the Revenue as well as Cross

ITA 4308/DEL/2011[2004-05]Status: DisposedITAT Delhi07 Dec 2017AY 2004-05

Bench: Shri H.S. Sidhu & Shri L.P. Sahu

For Appellant: Sh. Ravi Sharma, Adv. & MsFor Respondent: Sh. Kaushlendra Tiwari, Sr. DR
Section 143(3)Section 32(1)(ii)Section 37(1)Section 55(2)(a)

…Objection. 3 6. We have heard both the parties and perused the relevant records available with us, especially the order of the Revenue Authorities. We find that the decision of the ITAT, Chennai Bench in the case of ITO vs. Medicorp Technology India Ltd. (122 TTJ 394) and ACIT vs. Rea Image Tech. Pvt. Ltd. (120 TTJ 983) are squarely applicable to the case of the assessee. In this case non compete fee sounds a negative. However, so far as the seller is concerned, he is selling his business right. Business right implies right to carry on any business in the market place. This is a recognized right. We note th…

PITNEY BOWES INDIA (P) LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, out of the five appeals of the assessee, the ITA Nos

ITA 289/DEL/2013[2005-06]Status: DisposedITAT Delhi29 May 2017AY 2005-06

Bench: Sh. I.C. Sudhir & Sh. O.P. Kant

Section 143(3)Section 147Section 32

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘F’, NEW DELHI BEFORE SH. I.C. SUDHIR, JUDICIAL MEMBER AND SH. O.P. KANT, ACCOUNTANT MEMBER ITA Nos. 289 to 293/Del/2013 Assessment Years: 2005-06 to 2009-10 Vs. DCIT, Circle-14(1) / Addl.CIT, M/s. Pitney Bowes India (P) Ltd., 2nd Floor, 45, Okhla Industrial Range-14 / Income Tax Officer, Estate, Phase-III, New Delhi Ward -14(3), New Delhi PAN : AADCP3417C (Appellant) (Respondent) Appellant by S/sh. G.C. Srivastava, Adv.; Manoneet Dalal, Adv.; Anubhav Jain and Anshul Kumar, CA Respondent by Sh. F.R. Meena, Sr.DR Date of hearing 30.03.2017 Date of pronouncement 29.…