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‘In personam’ rights such as non-compete fees cannot be treated as depreciable intangible assets
Case Law Details
- Case Name
- Sharp Business System Vs CIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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HIGH COURT OF DELHI
Sharp Business System
Versus
Commissioner of Income-tax – III
IT APPEAL No. 492 OF 2012
AND C.M. APPL. No. 14836 OF 2012
NOVEMBER 5, 2012
JUDGMENT
S. Ravindra Bhat, J.
The following questions of law were framed for consideration by the Court:
“1. Whether on the facts and in the circumstances of the case the Tribunal erred in holding that non-compete fee paid aggregating to Rs.3,00,00,000/- was not allowable revenue deduction.?
2. Whether on the facts and in the circumstances of the case, the Tribunal erred in holding that the non-compet...
