Case Law Details
Case Name : Beacon Higher Education Services Pvt. Ltd Vs ACIT (ITAT Delhi)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Delhi
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Beacon Higher Education Services Pvt. Ltd Vs ACIT (ITAT Delhi)
Depreciation on non-compete fee allowed – Revenue-neutral approach accepted despite SC ruling treating it as revenue expenditure – ITAT Delhi
In Beacon Higher Education Services Pvt. Ltd. vs ACIT / DCIT (A.Ys. 2016-17 & 2017-18), the primary dispute related to depreciation claimed u/s 32 on non-compete/non-solicitation fee of ₹37 crore treated as an intangible asset. The AO and CIT(A
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