It is impossible to presume that expression `licence’ provided in section 32(l)(ii) is an endless expression and even a tenancy right can be brought under it

DECIDED BY: ITAT, COCHIN BENCH, COCHIN, IN THE CASE OF: ACIT Vs. Malayala Manorama Co. Ltd., APPEAL NO: ITA NO. 323/Coch/2007, DECIDED ON JULY 10, 2009

RELEVANT  PARAGRAPHS

13. We heard both sides in detail. Section 32 (l)(ii) provides for depreciation on intangible assets acquired on or after the 1st day of April, 1998. Clause (ii) of sub section (1) of sect

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