Depreciation allowed in initial years, cannot be disturbed in subsequent years

Hindustan Coca-Cola Beverages Pvt. Ltd. Vs DCIT (ITAT Delhi)

In regard to disallowance of depreciation claimed on acquisition of distributors list it comes up that assessee had appointed M/s. S.R.Mineral Water Pvt. Ltd. as its distributor in Chennai which was earlier distributor of competing product from which it had built a large customer base in Chennai. Assessee had forgone a substantial amount due from S. R Mineral, which was by way of deposits collected on behalf of assessee. This amount as forgone by the assessee was c

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