Case Law Details
Case Name : Apna Incable Broad Band Services Pvt. Ltd. Vs DCIT (ITAT Hyderabad)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Hyderabad
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Apna Incable Broad Band Services Pvt. Ltd. Vs DCIT (ITAT Hyderabad)
The AO was of the opinion that the network rights are not intangible assets and therefore, depreciation is not allowable thereon. The AO treated the network rights as “goodwill” and observing that no depreciation is allowable on goodwill u/s 32(1)(ii) of the Act, he disallowed the claim of dep
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