Serum Institute of India Ltd. v. ACIT

135 ITD 69Income Tax Appellate Tribunal2011#8182 most cited

What is Serum Institute of India Ltd. v. ACIT authority for?

Depreciation on non-compete fees paid for acquiring a business is an allowable deduction. This treatment is confirmed even when the issue relates to the acquisition of a company and associated customer contracts.

13

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2023 to 2024.

Also referred to as

Serum Institute of India Ltd v ACIT · 135 ITD 69 · depreciation on non-compete fee · section 32(1)(ii) · ITAT Pune · business income · allowable deduction · acquisition of business · customer contracts

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 disallowancenon-compete feesection 2(1)section 14a disallowancesection 2(11)section 43(6)section 24(a)section 32(1)(ii)commercial rights

Judgments citing Serum Institute of India Ltd. v. ACIT

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

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)

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘G’, NEW DELHI Before Sh. Satbeer Singh Godara, Judicial Member & Sh. S. Rifaur Rahman, Accountant Member ITA 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 ITA No. 2266/Del/2013 : Asstt. Year : 2008-09 ITA No. 5767/Del/2013 : Asstt. Year : 2009-10 Metro Tyres Ltd., Vs DCIT, 101, Jyoti Bhawan, Dr. Mukherjee Circle-6(1) Nagar, Commercial Complex, New Delhi New Delhi-110009 (APPELLANT) (RESPONDENT) PAN…

Wns Global Services Private Limited, Mumbai vs. Assistant Comm. of Income Tax -14(1)(2), Mumbai

ITA 2451/MUM/2022[2017-18]Status: DisposedITAT Mumbai26 Jul 2023AY 2017-18

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

Section 143(1)Section 143(3)Section 14ASection 234CSection 43BSection 92C

…e co-ordinate bench. The Ld.AR further submitted that the depreciation on non-compete fee which is disallowed by the Assessing Officer is also covered by the decision of the Pune Bench of the Tribunal in the case of Serum Institute of India Ltd vs ACIT (2012) 135 ITD 69 (Pune). The Ld.DR on the other hand, relied on the orders of the lower authorities. 16. We notice that the co-ordinate bench in assessee’s own case for A.Y. 2005- 06 (ITA No.631/Mum/2011) read with Miscellaneous Application (No.261/Mum/2019 dated 16/01/2019), has considered the issue of depreciation on customer contract entered into by the assess…

Wns Global Services Private Limited, Mumbai vs. Assistant Comm. of Income Tax-14(1)(2), Mumbai

ITA 2450/MUM/2022[208-2019]Status: DisposedITAT Mumbai26 Jul 2023

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

Section 143(1)Section 143(3)Section 14ASection 234CSection 43BSection 92C

…e co-ordinate bench. The Ld.AR further submitted that the depreciation on non-compete fee which is disallowed by the Assessing Officer is also covered by the decision of the Pune Bench of the Tribunal in the case of Serum Institute of India Ltd vs ACIT (2012) 135 ITD 69 (Pune). The Ld.DR on the other hand, relied on the orders of the lower authorities. 16. We notice that the co-ordinate bench in assessee’s own case for A.Y. 2005- 06 (ITA No.631/Mum/2011) read with Miscellaneous Application (No.261/Mum/2019 dated 16/01/2019), has considered the issue of depreciation on customer contract entered into by the assess…

Serum Institute of India Ltd. v. ACIT (135 ITD 69) — Cited in 13 Judgments | BharatTax