Pre-operative expenses and registration fee paid to SEBI are allowable as intangible asset and assessee can claim depreciation on the same

HSBC Asset Management (India) Private Limited Vs DDIT (ITAT Mumbai)- Pre-operative expenses and registration fee paid to SEBI are allowable as intangible asset and assessee can claim depreciation on the same and AO cannot question the allow ability if same was allowed in the earlier AY.

IN THE INCOME TAX APPELLATE TRIBUNAL,

MUMBAI BENCH “H”, MUMBAI

ITA No. 2028/MUM/2009 (A.Y. 2004-05)

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