2015 (4) TMI 1321

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..... POOJARI, J. These three appeals by Revenue are directed against different orders of Commissioner of Income Tax (Appeals)-I, Chennai, for the assessment years 2002-2003, 2004-2005 and 2005-2006. Since the issue involved in these appeals are common in nature, these appeals are clubbed, heard together and disposed of by a common order for the sake of convenience. 2. The common ground in these .....

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..... ts like trademark, patents and other rights are similar in nature are intangible assets, which in terms of section 32(1) (ii) of the Act would be a capital assets entitled to depreciation. In view of the order of the jurisdictional High Court, we are inclined to confirm the order of the Commissioner of Income Tax (Appeals). 4. In the result, appeals filed by the Department in the ITA Nos.467 .....

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