4 results for “disallowance”+ Section 17(1)(va)clear
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Bench: HON'BLE MR. JUSTICE MANOJ MISRA
17 depreciation on non-compete fee was disallowed by following the earlier order of assessment in the case of the assessee itself for the assessment year 1999-2000 holding that the expenditure was in no way connected with the acquisition of various assets. The disallowance in this regard was worked out at Rs. 12,18,37,337.00. 10.5. Assessee preferred