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“depreciation on non-compete fee”

DepreciationSection 32(1)(ii)Section 32(1)(ii)55 judgments

COROMANDEL INTERNATIONAL LIMITED,HYDERABAD vs. DCIT., CIRCLE-2(2), HYDERABAD

In the result the appeal of the assessee is partly allowed for statistical purposes

ITA 738/HYD/2025[2015-2016]Status: DisposedITAT Hyderabad18 Mar 2026AY 2015-2016

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआयकर अपीलसं./I.T.A. No.738/Hyd/2025 ("नधा"रणवष"/ Assessment Year:2015-16) Coromandel International Vs. Dcit, Limited, Circle-2(2), Hyderabad. Hyderabad. Pan: Aaacc7852K (अपीलाथ"/ Appellant) (""यथ"/ Respondent) करदाताका""त"न"ध"व/ : Shri Sp Chidambaram, Advocate Assessee Represented By राज"वका""त"न"ध"व/ : Ms. U. Mini Chandran, Cit-Dr Department Represented By सुनवाईसमा"तहोनेक""त"थ/ : 02/03/2026 Date Of Conclusion Of Hearing घोषणा क" तार"ख/ : 18/03/2026 Date Of Pronouncement Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By Coromandel International Limited (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi (“Ld. Cit(A)”) Dated 24/02/2025 For The Assessment Year (“A.Y.”) 2015-16. Page 1 Of 17 Coromandel International Limited Vs. Dcit 2. The Assessee Has Raised The Following Grounds Of Appeal:

Section 250Section 32Section 32(1)(ii)Section 35

account of disallowance under section 14A of the Act, while allowing the claim of the assessee on account of depreciation on non-compete fees and depreciation on royalty amounting to Rs.3,74,68,790/- and Rs.75,34,379/- respectively, and assessed the total income of the assessee at Rs.552

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 4(2), NEW DELHI, I.P.ESTATE, NEW DELHI vs. BEACON HIGHER EDUCATION SERVICES PRIVATE LIMITED, VASANT KUNJ, NEW DELHI

In the result, the appeal of the assessee is partly allowed

ITA 2574/DEL/2024[2017-18]Status: DisposedITAT Delhi11 Feb 2026AY 2017-18

Bench: Shri Vimal Kumar, Hon’Ble & Mrs. Renu Jauhri, Hon’Ble

For Appellant: Shri Y K Kapur, AdvocateFor Respondent: Shri Jitender Singh, CIT DR
Section 143(3)Section 2Section 250Section 32Section 72A

High Court in the case of Sharp Business Systems (supra) while allowing the appeal of the assessee is respect of claim of depreciation on non-compete fee. As the issue involved and facts and circumstances are identical, the above decision in A.Y. 2016-17 will apply mutatis mutandis

BEACON HIGHER EDUCATION SERVICES PVT LTD,NEW DELHI vs. ACIT CIRCLE-4(2), NEW DELHI

In the result, the appeal of the assessee is partly allowed

ITA 1867/DEL/2020[2016-17]Status: DisposedITAT Delhi11 Feb 2026AY 2016-17

Bench: Shri Vimal Kumar, Hon’Ble & Mrs. Renu Jauhri, Hon’Ble

For Appellant: Shri Y K Kapur, AdvocateFor Respondent: Shri Jitender Singh, CIT DR
Section 143(3)Section 2Section 250Section 32Section 72A

High Court in the case of Sharp Business Systems (supra) while allowing the appeal of the assessee is respect of claim of depreciation on non-compete fee. As the issue involved and facts and circumstances are identical, the above decision in A.Y. 2016-17 will apply mutatis mutandis

SPECTRIS TECHNOLOGIES PVT. LTD.,GURGAON vs. ITO, NEW DELHI

In the result, this appeal is partly allowed

ITA 3742/DEL/2015[2009-10]Status: DisposedITAT Delhi07 Jan 2026AY 2009-10

Bench: Shriyogesh Kumar Us & Shrisanjay Awasthiआ.अ.सं/.I.T.A No.3742/Del/2015 िनधा"रणवष"/Assessment Year: 2009-10 बनाम Spectris Technologies P. Ltd. Income Tax Officer, 201-B, Second Floor, Vs. Ward-9(1), Park Centra, Sector-30, New Delhi. Gurgaon. Pan No.Aagcs6654R अपीलाथ" Appellant ""यथ"/Respondent

Section 250Section 92

Rs.3,75,831/- on account of depreciation on Non- Compete Fee. 5.1 The Hon’ble CIT(A) has erred in disallowing depreciation on Non-Compete Fee holding the same to be capital in nature without appreciating that the appellant has itself treated the same as capital expenditure and thus claimed ... order in the case of Sharp Business System (supra) then it was clear that there was no directive regarding the charging of depreciation on non-compete fees, which has been held to be a revenue expenditure. The Ld. DR also requested the Bench to give necessary directions

DCIT, CIRCLE- 2(1), NEW DELHI vs. AKORN INDIA PVT. LTD., NEW DELHI

ITA 6838/DEL/2018[2014-15]Status: DisposedITAT Delhi28 Oct 2025AY 2014-15

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

DCIT, CIRCLE- 2(1), NEW DELHI vs. AKORN INDIA PVT. LTD., NEW DELHI

ITA 6837/DEL/2018[2013-14]Status: DisposedITAT Delhi28 Oct 2025AY 2013-14

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

AKORN INDIA PVT. LTD.,,GURGAON vs. ACIT, CIRCLE-2(1), NEW DELHI

ITA 6567/DEL/2018[2014-15]Status: DisposedITAT Delhi28 Oct 2025AY 2014-15

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

AKORN INDIA PVT. LTD.,,GURGAON vs. ACIT, CIRCLE-2(1), NEW DELHI

ITA 6566/DEL/2018[2013-14]Status: DisposedITAT Delhi28 Oct 2025AY 2013-14

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

ACIT, NEW DELHI vs. M/S AKORN INDIA PVT. LTD.,, NEW DELHI

ITA 2074/DEL/2017[2012-13]Status: DisposedITAT Delhi28 Oct 2025AY 2012-13

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

AKORN INDIA PVT. LTD.,GURGAON vs. DCIT, NEW DELHI

ITA 1743/DEL/2017[2012-13]Status: DisposedITAT Delhi28 Oct 2025AY 2012-13

Bench: Shri M Balaganesh & Shri Vimal Kumarआ.अ.सं/.I.T.A No.1743/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Akorn India Pvt. Ltd. Dcit, 4Th Floor, Building 9B, Vs. Circle 2(1), Dlf Cyber City, Gurgaon. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.2074/Del/2017 िनधा"रणवष"/Assessment Year:2012-13 बनाम Acit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6566/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Akorn India Pvt. Ltd. Acit, 4Th Floor, Building 9B, Vs. Circle 2(1), C.R. Building, Dlf Cyber City, Gurgaon. I.P. Estate, New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent आ.अ.सं/.I.T.A No.6837/Del/2018 िनधा"रणवष"/Assessment Year:2013-14 बनाम Dcit, Akorn India Pvt. Ltd. Circle 2(1), Room No.153A, Vs. 1105-1106, Ashoka Estate, C.R. Building, I.P. Estate, Barakhamba Road, New Delhi. New Delhi. Pan No.Aajca8290J अपीलाथ" Appellant ""यथ"/Respondent

Section 139(5)Section 50C

Goodwill and claim of depreciation on Goodwill. The Ground Nos. 2 and 2.1. raised by the assessee are challenging the denial of depreciation on Non-Compete Fee paid by the assessee. 5. We have heard the rival submissions and perused the materials available on record. The assessee company was incorporated

ASSISTANT COMMISSIONER OF INCOME TAX-16(1), MUMBAI vs. VIACOM18 MEDIA PRIVATE LIMITED, MUMBAI

ITA 5658/MUM/2024[2013-14]Status: DisposedITAT Mumbai15 Oct 2025AY 2013-14
Section 143(1)Section 143(2)Section 143(3)Section 250

decision of the ITAT, Chennai, in the\ncase of A.B.Mauria India (P) Limited (supra). In that case the Assessing Officer had\nallowed depreciation on non-compete fee and this order was set aside by the CIT\nunder section 263, on the ground that the deduction for depreciation was allowed ... nReinforcements Manufacturing\n1678/Hyd/2010)\nLimited-Vs-ACIT\n(ITS\nAssessee's contention is that in each of the above mentioned cases, depreciation\non non-compete fees was allowed by the appellate authorities.\nExtract from the case ACIT-vs-Real Image Tech (Pvt) Ltd (1997)120 TTJ\n983(Chennai), which is also

ACIT., CIRCLE-5(1), HYDERABAD vs. MYLAN LABORATORIES LIMITED, HYDERABAD

In the result. appeal of the Assessee is partly allowed for statistical purposes and appeal of Revenue is partly allowed for statistical purposes

ITA 708/HYD/2022[2016-17]Status: DisposedITAT Hyderabad06 Jun 2025AY 2016-17

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

For Appellant: [Through Hybrid Hearing]For Respondent: MS. M. Narmada, CIT-DR
Section 115JSection 92C

Rs.1191,97,64,708/-, disallowance of depreciation claimed on goodwill arising out of amalgamation at Rs.1371,56,42,098/-, disallowance of depreciation of non-compete fee of Rs.2,22,932/- and disallowance of expenditure claimed on weighted deduction under section 35(2AB) of the Act for Rs.19 ... adjustment as suggested by the TPO under section 92CA(3) of the Act, disallowance of depreciation on goodwill u/sec.32; disallowance of depreciation on non-compete fee, disallowance of expenditure u/sec.14A and disallowance of excess weighted deduction claim u/sec.35(2AB) of the Act. 7. The learned CIT(A), after considering

ACIT., CIRCLE-5(1), HYDERABAD vs. EENADU TELEVISION PRIVATE LIMITED, HYDERABAD

ITA 648/HYD/2024[2020-21]Status: DisposedITAT Hyderabad16 May 2025AY 2020-21
For Appellant: Shri V. Siva Kumar, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR

after a discussion with the authorized\nrepresentative, the Assessing Officer completed the\nassessment by making the additions on account of\ndisallowance of depreciation on non-compete fee of\nRs.9,44,78,811/-, (ii) disallowance of cost of production of\nTV serials and programmes which are claimed as revenue\nexpenditure ... year\n2011-2012 and 2012-2013 order dated 24.03.2016 wherein\nthe Tribunal has directed the Assessing Officer to verify the\nissues of depreciation on non-compete fee and depreciation\non Film Software Library and allowed the claim of assessee\ncompany on account of disallowance of cost of production

EENADU TELEVISION PRIVATE LIMITED,HYDERABAD vs. ACIT., CIRCLE-5(1), HYDERABAD

ITA 563/HYD/2024[2020-2021]Status: DisposedITAT Hyderabad16 May 2025AY 2020-2021
For Appellant: Shri V. Siva Kumar, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR

after a discussion with the authorized\nrepresentative, the Assessing Officer completed the\nassessment by making the additions on account of\ndisallowance of depreciation on non-compete fee of\nRs.9,44,78,811/-, (ii) disallowance of cost of production of\nTV serials and programmes which are claimed as revenue\nexpenditure ... year\n2011-2012 and 2012-2013 order dated 24.03.2016 wherein\nthe Tribunal has directed the Assessing Officer to verify the\nissues of depreciation on non-compete fee and depreciation\non Film Software Library and allowed the claim of assessee\ncompany on account of disallowance of cost of production

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD vs. EENADU TELEVISION PRIVATE LIMITED, HYDERABAD

ITA 665/HYD/2023[2018-19]Status: DisposedITAT Hyderabad16 May 2025AY 2018-19
For Appellant: Shri V. Siva Kumar, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR

after a discussion with the authorized\nrepresentative, the Assessing Officer completed the\nassessment by making the additions on account of\ndisallowance of depreciation on non-compete fee of\nRs.9,44,78,811/-, (ii) disallowance of cost of production of\nTV serials and programmes which are claimed as revenue\nexpenditure ... year\n2011-2012 and 2012-2013 order dated 24.03.2016 wherein\nthe Tribunal has directed the Assessing Officer to verify the\nissues of depreciation on non-compete fee and depreciation\non Film Software Library and allowed the claim of assessee\ncompany on account of disallowance of cost of production

ACIT, CIRCLE-5(1), HYDERABAD vs. EENADU TELEVISION PRIVATE LIMITED, HYDERABAD

ITA 654/HYD/2023[2017-18]Status: DisposedITAT Hyderabad16 May 2025AY 2017-18
For Appellant: Shri V. Siva Kumar, AdvocateFor Respondent: Shri B. Bala Krishna, CIT-DR

after a discussion with the authorized\nrepresentative, the Assessing Officer completed the\nassessment by making the additions on account of\ndisallowance of depreciation on non-compete fee of\nRs.9,44,78,811/-, (ii) disallowance of cost of production of\nTV serials and programmes which are claimed as revenue\nexpenditure ... year\n2011-2012 and 2012-2013 order dated 24.03.2016 wherein\nthe Tribunal has directed the Assessing Officer to verify the\nissues of depreciation on non-compete fee and depreciation\non Film Software Library and allowed the claim of assessee\ncompany on account of disallowance of cost of production

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS "JRG SECURITIES LTD"),KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

In the result, the appeal filed by the assessee stands allowed

ITA 243/COCH/2023[2017-18]Status: DisposedITAT Cochin14 May 2025AY 2017-18

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: Sri.Aneesh Vishwanathan, CAFor Respondent: Smt.Leena Lal, Senior AR
Section 143(3)Section 32(1)(ii)

No.239/Coch/2023 for assessment year 2011-2012 are stated hereunder. 3. The appellant raised the following grounds of appeal:- “1. Disallowance of depreciation on non-compete fee amounting to INR 93,75,000 1.1 On the facts and circumstances of the case and in law, the learned CIT(A) has erred ... hereinafter “the Act”) at a total loss of Rs.54,21,114. While doing so, the AO disallowed the claim for allowance of depreciation on non-compete fee of Rs.93,75,000. The factual backgrounds leading to the above addition are as under. 5. The appellant-company had entered into

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

In the result, the appeal filed by the assessee stands allowed

ITA 242/COCH/2023[2014-15]Status: DisposedITAT Cochin14 May 2025AY 2014-15

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: Sri.Aneesh Vishwanathan, CAFor Respondent: Smt.Leena Lal, Senior AR
Section 143(3)Section 32(1)(ii)

No.239/Coch/2023 for assessment year 2011-2012 are stated hereunder. 3. The appellant raised the following grounds of appeal:- “1. Disallowance of depreciation on non-compete fee amounting to INR 93,75,000 1.1 On the facts and circumstances of the case and in law, the learned CIT(A) has erred ... hereinafter “the Act”) at a total loss of Rs.54,21,114. While doing so, the AO disallowed the claim for allowance of depreciation on non-compete fee of Rs.93,75,000. The factual backgrounds leading to the above addition are as under. 5. The appellant-company had entered into

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

In the result, the appeal filed by the assessee stands allowed

ITA 241/COCH/2023[2013-14]Status: DisposedITAT Cochin14 May 2025AY 2013-14

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: Sri.Aneesh Vishwanathan, CAFor Respondent: Smt.Leena Lal, Senior AR
Section 143(3)Section 32(1)(ii)

No.239/Coch/2023 for assessment year 2011-2012 are stated hereunder. 3. The appellant raised the following grounds of appeal:- “1. Disallowance of depreciation on non-compete fee amounting to INR 93,75,000 1.1 On the facts and circumstances of the case and in law, the learned CIT(A) has erred ... hereinafter “the Act”) at a total loss of Rs.54,21,114. While doing so, the AO disallowed the claim for allowance of depreciation on non-compete fee of Rs.93,75,000. The factual backgrounds leading to the above addition are as under. 5. The appellant-company had entered into

M/S INDITRADE CAPITAL LTD (PREVIOUSLY KNOWN AS ,KOCHI vs. THE ITO, CORPORATE WARD1(1),, KOCHI

In the result, the appeal filed by the assessee stands allowed

ITA 240/COCH/2023[2012-13]Status: DisposedITAT Cochin14 May 2025AY 2012-13

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: Sri.Aneesh Vishwanathan, CAFor Respondent: Smt.Leena Lal, Senior AR
Section 143(3)Section 32(1)(ii)

No.239/Coch/2023 for assessment year 2011-2012 are stated hereunder. 3. The appellant raised the following grounds of appeal:- “1. Disallowance of depreciation on non-compete fee amounting to INR 93,75,000 1.1 On the facts and circumstances of the case and in law, the learned CIT(A) has erred ... hereinafter “the Act”) at a total loss of Rs.54,21,114. While doing so, the AO disallowed the claim for allowance of depreciation on non-compete fee of Rs.93,75,000. The factual backgrounds leading to the above addition are as under. 5. The appellant-company had entered into

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